We should also look at the company’s dividend history. They've guided around 5-7% beyond that. David Jagielski | April 8, 2020 | More on: ENB ENB. In 2019, Enbridge paid out $6.4 billion in dividends during the year. Last year's total dividend payments show that Enbridge has a trailing yield of 7.3% on the current share price of CA$44.17. And while the near-term future and safety of the dividend are up in the air, I think income investors should buy the stock. The other moat creating advantage is the highly regulated nature of the business. Market Crash: This Expert Thinks You Should Take Cover Now, Dividend Stability: 2 Reliable TSX Stocks. However, it’s conceivable that it may play a role in the company’s decision-making process. Why the company may consider adjusting its dividend policy. While it’s certainly possible that the company continues to hold off on making any drastic move on its dividend, that doesn’t mean it’s safe. Market Crash 2021: 2 Safe Stocks if You’re Scared, Retired? With a high yield and a poor outlook for the industry, it was likely an unavoidable decision for the company. Not to alarm you, but you’re about to miss an important event. Reuben Gregg Brewer believes dividends are a window into a company's soul. I understand I can unsubscribe from these updates at any time. Here are 24 big names that have already reduced or stopped their payouts. Why the company may consider adjusting its dividend policy. 5 Stocks Under $49 (FREE REPORT). Enbridge has delivered 16% dividend growth per year on average over the past 10 years. It’s going to attract a lot of attention from investors the longer the industry struggles. Conserving cash is more important than ever before. When Enbridge announced it was increasing its dividend payments in December, it marked the 25th year in a row that the company hiked its dividend payments. Please read the Privacy Statement and Terms of Service for more information. All rights reserved. The shares will have a yield of about 6.3 per cent, based on Enbridge's closing share price on Monday. Investors are better off investing in safer, more sustainable dividend stocks that are in better shape right now. It has increased its payout at an average compound annual growth rate of 13% over the last decade. The company last raised its dividend payout by 10% and sports an attractive dividend yield of 6.2%. Don't miss out! But at over 8%, it’s glaring. The pipeline company says it will increase its quarterly payment to shareholders to 83.5 cents per share, up from 81 cents per share. Enbridge (ENB) Declares $0.81 Quarterly Dividend; 10.5% Yield Enbridge (ENB) Declares $0.7380 Quarterly Dividend; 7.8% Yield Enbridge (ENB) Raises Quarterly Dividend 10% to $0.7380; 9.4% Yield Enbridge Inc (TSX:ENB)(NYSE:ENB) has fallen 33% in just the past month. Not to alarm you, but you’re about to miss an important event. However, recent moves announced by the company suggest that management is looking for ways to cut costs, which could mean a possible dividend cut could be on the horizon. Enbridge offers a unique value proposition that brings together a combination of transparent growth, a reliable, low-risk business model and significant dividend income. He tries to invest in good souls. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. While its dividend is appealing today and the company is still producing strong resultstoday, I wouldn’t rely on its dividend for the long term given all the uncertainty that exists today, especially considering the size of the payments that Enbridge is making. On an annual basis, that yields more than 8% per year. Dividend history information is presently unavailable for this company. Enbridge stock has been a ridiculously volatile roller-coaster ride over the past five years. More on that—and 4 imminent dividend cuts you need to dodge now—shortly. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Current as of December 19, 2020. The shares will have a yield of about 6.3 per cent, based on Enbridge… Why the company has thus far avoided taking more drastic measures, such as laying off staff may! On June 01, 2011 total amount of $ 0.81 keep the dividend are in! Is as risky as it pushes more pressure on the table in early on what could to... Share position following the split, direct mail, and occasional special offer phone calls traces its roots to,. 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