The high-yield space has recovered somewhat recently. However, there are still numerous compelling opportunities that are trading way below their highs. We share two of some of our favorite opportunities of the moment in this article.
Enbridge is a North American midstream giant with plans to change its business along with the changing energy landscape. Enbridge is in the middle of buying a trio of natural gas utilities.
Enbridge achieved strong Q1 2024 results with a double-digit YoY increase in adjusted EBITDA. The company is focused on new acquisitions, growth opportunities, and increasing returns through tolling agreements. Enbridge has an impressive portfolio of assets and is investing heavily in future growth, while maintaining a high dividend yield.
Intel is making investments in its high-tech manufacturing capacity that should soon start delivering returns. Enbridge is continuing to invest in a future that will likely rely on natural gas as a key source of energy.
Pipeline companies generate lots of stable cash flow to pay dividends. Enbridge has increased its roughly 7.5%-yielding payout for almost 30 straight years.
Enbridge is a midstream/pipeline company with steady cash flows and attractive distributions. Despite a decline in revenue, Enbridge's profitability metrics remain strong, with rising cash flows. The company is focused on growth through acquisitions and capital expenditures, while also returning capital to shareholders.
With a significant portion of its assets being contracted by shippers for the long term, Enbridge's (ENB) business model is less exposed to volatility in oil and gas prices.
Innovative Industrial Properties gives dividend investors a safer way to invest in the cannabis industry. AT&T's recent financial performance has been encouraging, suggesting its high yield is sustainable.
Enbridge releases 2023 Sustainability Report on environmental, social and governance prioritiesNORTHAMPTON, MA / ACCESSWIRE / May 20, 2024 / We published Enbridge's 23rd Sustainability Report, which details the solid progress we're making towards environmental, social and governance (ESG) goals."Every day, we strive to be the first-choice energy delivery company in North America and beyond-for customers, communities, investors, regulators, policymakers and employees," say Enbridge President and CEO Greg Ebel and Board of Directors Chair Pamela Carter in a message to readers. "We're proud of our strong record of governance and longstanding sustainability leadership and we remain focused on achieving the ambitious environmental, social and governance goals we set in 2020."At Enbridge, we're proud of our ESG practices and performance and we're working diligently to deliver energy in a more planet-friendly way, everywhere people need it. The 2023 Sustainability Report outlines our solid progress on emissions reductions; safety performance; advancing Indigenous reconciliation and our work to build a more diverse and inclusive workforce."Across Enbridge, our employees are advancing a sustainable business strategy," says Pete Sheffield, Enbridge Chief Sustainability Officer and Vice President, External Affairs U.S. "We've set ambitious goals that align our teams in common-purpose and shared accountability to deliver the best possible solutions for a broad set of stakeholders."Our 2023 Sustainability Report highlights:Environmental GoalsEmissionsAchieved a 37% reduction in GHG emissions intensity and a 20% reduction in absolute GHG emissions from our 2018 baseline.Reduced methane emissions in the Company's natural gas operations by 40% from the 2018 baseline.Continued our robust GHG emissions disclosures, expanding the categories of Scope 3 emissions on which we report and enhancing the transparency of Scope 3 emissions reporting.Provided an updated analysis of Enbridge's business under different climate-related scenarios, in alignment with the Task Force on Climate-related Financial Disclosures (TCFD).Social GoalsSafetyAchieved a 16% reduction in work-related injuries and safety incidents among employees and contractors, surpassing Enbridge's goal of achieving a 10% safety improvement over the previous three-year average.IndigenousAdvanced Indigenous reconciliation by meeting 10 of the 22 goals set out in our Indigenous Reconciliation Action Plan.Reached C$2 billion in Indigenous procurement and labor spending, and committed to an additional C$1 billion in cumulative Indigenous spending by 2030.Workforce RepresentationIncreased workforce representation of underrepresented ethnic and racial groups, U.S. veterans, women, Indigenous peoples and persons with disabilities.GovernanceDiversity, Equity and InclusionExceeded Enbridge's Board of Directors diversity goals, with 50% representation from underrepresented racial and ethnic groups and 50% women."This integrated approach continues to yield positive results as we maintain a focus on continuous improvement and long-term value. In our 23rd Sustainability Report, we update stakeholders on our progress against our goals and the work remaining," says Sheffield."We also outline the actions we're taking to deliver reliable, affordable energy to as many people as possible, with as little environmental impact as possible. And we acknowledge the steps we're taking to overcome challenges of yesterday and those before us today, with an eye towards securing opportunities tomorrow."Click here for the full PDF version of our 2023 Sustainability Report here. Click here for the 2023 ESG datasheet, which includes our analysis that aligns with the TFCD.View additional multimedia and more ESG storytelling from Enbridge on 3blmedia.com.Contact Info:Spokesperson: EnbridgeWebsite: Click Here [email protected]: Enbridge
Investing in companies that pay reliable dividends can provide a steady stream of income and potential capital appreciation. Realty Income Corp. is a reliable dividend payer with a diversified portfolio and a strong leasing environment. Enbridge is a leading energy company with stable cash flows and strong operating fundamentals, offering an attractive dividend yield.
Enterprise Products Partners operates as a toll taker in the highly volatile energy sector. Oneok has a durable business model and a built-in growth driver.
We had last given Enbridge a Strong Buy rating as flawless execution offset the hefty acquisition risks. We look at the Q1-2024 results in light of the price action and update our thesis. We also review two high yielding Enbridge preferred shares that trade in US Dollars.