Enbridge Dividend and Safety. For 2020, it expects DCF to fall within a range of $4.50 and $4.80. That comes out to $2.26 in U.S. dollars and equals an impressive 8.8% yield. Enbridge stock is one that's high on the list of any dividend investor looking for passive income. Currently, Enbridge pays investors a dividend of $0.738 every quarter, which totals $2.952 for a full year, which is well in excess of its profits and results in a payout ratio of about 120%. The company often locks up producers in long-term take or pay contracts, which makes Enbridge’s cash flows and the dividend more reliable. These earnings should be stable no matter what happens to the underlying energy market. Like the pipeline business, this part of the company delivers steady earnings and is protected from competition. Currently, the company is the fifth largest stock by market capitalization in the country, and the fourth highest in terms of companies that currently pay a dividend. Payout ratio calculation and chart. Enbridge (TSE:ENB) is one of the more popular options when it comes to Canadian dividend stocks. Do I think Enbridge’s dividend is safe, and well covered by cash flows? Enbridge stock is offering one of the best dividend yields these days. An investment in Enbridge for its dividend is going to require one to be willing to withstand the inevitable volatility the oil and gas sector is going to bring for the foreseeable future. Returns since inception, October 2013. Finally, investors should also note that Enbridge's stock price is correlated to oil prices, even if its cash flow is not. It’s North America’s largest gas utility by volume. However with it being an industry leader and sporting a huge dividend yield, I’m not surprised investors are willing to pay a premium for the company right now. At the time of writing, Enbridge stock trades at $36.25 per share and provides a dividend yield of 9%. Despite a Republican president in the White House, large pipeline projects are still being held up by protesters and the legal system. The company has paid a lucrative dividend for a long time. Buy during the strong ESG trend Has long owned this, a great Canadian compounder, but the stock has gotten expensive. The company delivers more than 3 million barrels of crude oil every single day, equating to about 25% of the crude oil produced in North America. This year will have a lot of unknowns. There’s no questioning that Enbridge’s stock price is currently in the dirt. I’m a shareholder myself, and I’m not spending much time worrying about Enbridge’s dividend. Yes. Canada’s Top 10 Dividend Stocks for 2021 and Beyond, Canadian Dividend All-Stars – Week of Dec 14, Canadian Oil Stocks – the Best Oil & Pipeline Stocks Today, Canada’s Best Monthly Dividend Stocks and REITs, PO Box 16018 Lower Mount Royal, Calgary, Alberta, T2T5H7, Canada. Enbridge (TSX:ENB)(NYSE:ENB) is paying a dividend yield of around 8%, but investors shouldn't expect it to last. They think Enbridge’s dividend may be at risk. That should be an encouraging sign. So, lets get down to the brass tacks and look at the company’s primary attraction, it’s juicy dividend yield. On a whole, Enbridge is one of the more expensive pipeline companies in the country. Simply click here to discover how you can take advantage of this. 2020 might see a pause on these initiatives, but they’re both viable strategies for the long term. This is more than triple the S&P 500’s average of ~1.9%, which seems to make it a good option for those seeking a high yield stock for income. It is important to seek out a qualified investment, tax or legal professional before making any decisions related to your own personal investments. They think Enbridge’s dividend may be at risk. The company also has a number of projects in its developmental pipeline, including multiple offshore wind farms that have the potential to generate 1 gigawatt in gross power capacity. Enbridge is currently trading at 15.3 times forward earnings. The company is currently paying out 90% of free cash flows and 65% of operating cash flows towards the dividend. Enbridge common shares have a Compound Annual Growth Rate (CAGR) of more than 11% over a 25-year period. From 2018 to 2020, Enbridge is planning to spend $22 billion in capital spending. Enbridge is an energy generation, distribution, and transportation company that has operations in both the United States and Canada. Can Enbridge grow the business and the dividend? Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. In an industry plagued with misinformation, our main priority is to maintain complete objectivity and bring investors around the world accurate, timely and high quality investment news and information. appeared first on The Motley Fool Canada. Market Cap: $78.16 billion Forward P/E: 14.48 Yield: 8.39% Dividend Growth Streak: 24 years Payout Ratio (Earnings): 126.56% Payout Ratio (Free Cash Flows): 89.28% Payout Ratio (Operating Cash Flows): 65.92% 1 Yr Div Growth Rate: 9.99% 5 Yr Div Growth Rate: Premium Members Only Stocktrades Growth Score: Premium Members Only Stocktrades Dividend Safety Score: Premium Members Only. New projects and price increases will help drive earnings growth, too. After a busy 2018 in which Enbridge (ENB) rolled up its MLPs to simplify its corporate structure, management delivered some bad news on March 1, 2019, announcing a one-year delay on the firm's $6.8 billion Line 3 … This also bodes well for the company’s dividend, which I think is safe. At about 50% of total earnings they’re not enough to cover the dividend alone, but they still offer peace of mind for investors who worry about the oil market. Enbridge has paid dividends since 1953. Nothing is for certain anymore, but I expect Enbridge to continue to sustain and raise its dividend – even during a difficult 2020. Dividend Safety Rating: A Nowadays, it’s rare to find a big distribution yield and a high degree of safety. On a trailing 12 month basis, Enbridge is currently paying out 126% of earnings. An analysis of Enbridge’s dividend must go a little deeper than just the numbers. There’s some solid reasoning for this as well. Its current dividend is $3.24 per share. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. COVID-19 happened, and it is impacting the entire energy sector in a big way. For most investors this would be cause for concern, however it’s important for a company like Enbridge that we look at both the free and operating cash flow payout ratios. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. The current quarterly dividend is CA$0.81 per share, or CA$3.24 per year. This outstanding company has all sorts of things going for it. On your next visit, you'll find a shortcut to this page in the main menu . A dividend cut will come and the stock will tank. And in 2021, that range is expected to be even higher, between $4.70 and $5.00. The oil and gas industry is expected to struggle, and although we’re seeing Enbridge trade at valuations we haven’t witnessed in some time, we’re also seeing the company post historically low numbers in terms of return on equity and net margins on a trailing 12 month basis. Hier erhalten Sie eine Übersicht über die Dividendenzahlung und Dividendenrendite von ENBRIDGE sowie die anstehenden und vergangenen Hauptversammlungstermine (HV-Termine). Current as of December 18, 2020. As specialists in … I’d argue in the short term, such a scenario doesn’t matter so much. However, further setbacks could slow the company's short-term growth prospects. … ENB is also 50% in distributing natural gas, and has business in hydrogen gas; ENG will be a key player here. Enbridge Inc (ENB) will begin trading ex-dividend on August 13, 2020. Although we do appreciate Enbridge’s growth, as it does allow them to increase cash flows and keep raising the dividend, we understand that this is a company that has more or less hit a plateau, and we don’t expect a crazy amount of share appreciation. But the fact remains, Enbridge has raised dividends for 2.5 decades and has grown its dividend at a 16% clip annually over the last 5 years. Motley Fool Returns Stock Advisor S&P 500 In fact, with most of the high-dividend stocks that cross my desk, I toss them in the proverbial wastebasket. Or is Enbridge’s dividend on its way to inevitable cut as well? It projected distributable cash flow of between $4.50 and $4.80 per share for 2020. 2021 TFSA Contribution Room: What to Buy With $75,500, Passive-Income Investors: Canadian Banks Are Just Getting Started, 3 Top Canadian Stocks Now Selling at 52-Week Highs, 3 Undervalued TSX Stocks That Can Deliver Superior Returns in 2021, Millennials: How to Save and Invest for Your 1st Home Faster. Reviewing Enbridge's Dividend Safety After Major Project Delay. The Enbridge stock is a must-buy for investors seeking a growing income stream. Many of Enbridge’s customers are among the best in the sector, but even those companies are hurting today. Do I think investors looking solely at the company’s payout ratio in terms of earnings are making a mistake? But Enbridge believes the dividend is safe and projects that its distributable cash flow (DCF) will continue to grow at a rate between 5% and 7% over the long term. An active dividend and growth investor, Dan has been involved with the website since its inception. No. It has a network of crude oil and natural gas pipelines across Canada — assets that can’t be easily replicated today. Enbridge's (ENB) shares have been suffering of late due to the perceived weakness of the dividend. Around $40/share, this business keeps doing incrementally better. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. The company has pipeline systems that serve both oil sands distribution and natural gas. More reading. Please read the Privacy Statement and Terms of Service for more information. There’s just one problem. There’s two ways to look at this. That gives us a payout ratio of just over 70%, which is very sustainable. It expects these investments to boost cash flow growth through 2020. But with that said, Enbridge’s dividend safety has weakened over the years, especially since the Spectra merger. Is Enbridge (TSX:ENB) a Better Dividend Stock Than Toronto-Dominion Bank (TSX:TD)? Yes, pipelines do have less reliance on the price of oil when compared to say a producer, however these companies still can’t survive in low commodity environments for long. Some people stick to more stable investments, like Canadian financial institutions such as TD Bank (TSE:TD), or RBC (TSE:RY). Current Issue First, it’s highly capital intensive, with major projects often costing billions of dollars to complete. Do I think Enbridge’s dividend is safe, and well covered by cash flows? I’ve can’t count the amount of times I’ve come to Enbridge’s defense when somebody accuses the dividend of being on the brink of being cut. But now that we continue to move forward through the COVID-19 pandemic, the oil and gas industry (which was already in a bear market prior to the pandemic) is getting hit even harder. A safe 8% dividend yield Importantly, Enbridge stock’s attractive valuation also results in an incredible dividend yield of 8.1%. In 2019, Enbridge earned $4.57 per share in distributable income. This is your chance to get in early on what could prove to be very special investment advice. We should also look at the company’s dividend history. Microsoft says it found malicious software in its systems . Enbridge: Dividend Is Safe. Furthermore, if you’re not willing to accept the fact that although unlikely, a dividend cut would inevitably cause significant losses in capital due to the share price dropping, Enbridge is probably not for you. Because of meaningful non … Dividends and Common Shares. This page has been added to your list of favorites. So right now Enbridge’s dividend looks safe and secure. The midstream industry is one that enjoys numerous competitive advantages for several reasons. Meanwhile, it paid $6 billion in dividends in 2019. In fact, the company recently announced in June 2020 that it would be moving forward with its Fecamp project, which is expected to add 500 megawatts of capacity and a 20 year fixed-price contract. For every dollar they take in they pay out 1.24$. Enbridge is one of the best ultra-high Super SWAN stocks you can buy today. Enbridge is often touted as a monopoly in the pipeline sector, amassing over 27,564 kilometers of active crude pipelines across North America. The payout should be safe, given the DCF outlook and the decent growth portfolio. The Motley Fool Canada » Dividend Stocks » Enbridge (TSX:ENB) Dividend: Just How Safe Is This 7.7% Yield? March 22, 2019. ISSN : 2393-073X; ijdmsr.editor@gmail.com; Home; About Us; Call For Paper; Paper Submission; Editorial Board; Issue. We believe, though, that dividend viability fears are over-exaggerated. If we look at Enbridge’s chart in terms of historical dividend yield, we can clearly see where Enbridge’s stock price took a dive. For dividend investors seeking out a high-yield in the out-of-favor energy space, Enbridge looks like a pretty good option today. However, Stocktrades is by no means associated with the Toronto Stock Exchange, or any of the companies we cover. At the time of writing, COVID-19 has wreaked havoc on Enbridge’s share price. Not to alarm you, but you’re about to miss an important event. About Us:Stocktrades.ca was founded in 2016 by investors Daniel Kent and Dylan Callaghan, with the ultimate goal of providing Canadian investors with the best possible tools to increase their investment portfolios. Save time by adding this page to your list of favorites. Enbridge also has a renewable power generation business. Imagine how hard it’ll be if Donald Trump gets defeated in November. Dan is primarily a researcher and writer here at Stocktrades.ca, and his pieces have numerous mentions on the Globe and Mail, Forbes, Winnipeg Free Press, and other high authority financial websites. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you. © 2020 The Motley Fool Canada, ULC. Canada Revenue Agency: Do You Need to Repay CERB Money? One piece of good news for investors who might be worrying about Enbridge’s dividend is the stability of its natural gas utility and power generation businesses. Investing on his own since he was 19 years old, Dan has compiled the experience and knowledge needed to be successful in the world of self-directed investing, and is always happy to bring that knowledge to Stocktrades.ca readers and any other publications that give him the opportunity to write. Nelson Smith | May 6, 2020 | More on: ENB ENB. That bodes well for the company’s existing infrastructure. The post Is a Dividend Cut Coming for Enbridge (TSX:ENB) Stock? 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We still could see a cut. Published Tue, 19 Jun 2018 03:47:12 -0400 on Seeking Alpha. I understand I can unsubscribe from these updates at any time. We’ll get to valuation shortly, but I wanted to highlight that as it is a primary factor for the company sporting a 8.39% dividend yield, which most would deem unsustainable. This article was coproduced with Dividend Sensei and edited by Brad Thomas. It has also paid consistent dividends since the 1940s. However, did Canadian investors make a huge mistake throwing a blanket outlook over both producers and pipelines? Quotes. Let’s take a closer look at this payout to see if it’s sustainable. To compare this to another prominent pipeline company Pembina Pipeline (TSE:PPL), it paid out around 133% of free cashflows towards the dividend in 2019. TFSA Investors: 3 Safe Dividend Payers Yielding up to 6.3% The global shutdowns and lower consumer spending has decimated oil demand which has forced companies including Enbridge to postpone and reduce capital expenditure for 2020. The payout is solid and can easily survive a few months of uncertainty. Despite the challenges, Enbridge reaffirmed its DCF outlook and expects to generate DCF per share of $4.50 to $4.80 in 2020, which implies its payouts are … Can Shopify (TSE:SHOP) Keep up It’s Torrent Growth Rate? All Instrument Types; Indices; Equities; ETFs; Funds; Commodities; Currencies; Crypto; Bonds; Certificates; No results matched your search. Enbridge Inc. (ENB) Dividend Safety metrics. A safe healthy company that can keep raising dividends for years has a payout ratio of 75% or less. Yes. The mass panic and ultimate selloff of many companies in the oil and gas sector left Canadians who were paying attention with some bargains, Enbridge being one of them. Overall, the company has actually increased its distributable cash flows year-over-year and the company expects to generate $5.143 billion in DCF in 2020, an increase when compared to 2019. While that payout ratio looks concerning, it’s not necessarily indicative of the company’s ability to continue paying its dividend.

And of course, auxiliary divisions like power generation and electric transmission lines reported barely a blip in business activity. Shares are currently trading around the $32 level, which is a far cry from the $40 level we saw at the start of the year. However, the ability to grab market-beating returns strictly from the dividend with one of Canada’s largest companies and longest consecutive dividend growers is no doubt appealing. Junior producers and even some major producers in Suncor’s (TSE:SU) case were slashing dividends at rates we have never witnessed before. It wasn’t that long ago that major producers like Suncor and Canadian Natural Resources were urging the government to make sweeping changes to the operations of Enbridge’s mainline network, citing it as essentially unfair. Now, don’t get me wrong, there are reasons for undervaluation. That marks 25 consecutive years of dividend increases — a feat that immediately vaults Enbridge into the elite dividend-growth stocks in Canada. Click to remove it from your list. The Motley Fool owns shares of and recommends Enbridge. All rights reserved. Dan manages his TFSA, RRSPs and a LIRA at Questrade, and has compiled a real estate portfolio of his primary residence and 2 rental properties, all before his 30th birthday. If there’s one thing I’ve come to learn, especially in 2020, it’s to expect the unexpected. That’s also great news for companies like Enbridge that own a lot of assets in the U.S. And then there’s Enbridge’s gas utility business, which provides natural gas for some 3.8 million customers in Ontario and Quebec. The fact they hold positions in securities has had no impact on the production of this article. We previously reviewed these issues and do not expect them to affect Enbridge's dividend safety profile, even if Line 3 were to be scrapped. But volatile energy prices have kept investors on the sidelines.The post Enbridge Stock Is Yielding 8%, But Is it Safe to Buy? The issue is more over the long term, as struggling energy companies simply can’t afford to pay their bills. 7 Small-Cap Canadian Stocks To Buy In 2020, The 5 Best Canadian Bank Stocks to Buy Now. A cash dividend payment of $0.603 per share is scheduled to be paid on September 01, 2020. A similar situation is playing out in the United States. This is a significant discount to what it typically has traded at over the last 5 years (20.4) and the company is also trading at a price to book valuation of 1.3, levels at which we’ve never seen a blue-chip stock like Enbridge trade at. The other moat creating advantage is the highly regulated nature of the business. Hard to walk away from this. It has raised its dividend, even as oil producers slashed and eliminated theirs. Stocktrades offers strictly investment opinions, not investment advice. At least for the pipeline operators. While its dividend is appealing today and the company is still producing strong results today, 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. This is not a low risk investment, and if you’re an investor with a quick trigger finger in terms of selling, this may not be for you. DISCLAIMER:Stocktrades is an independent media portal covering the development related to stocks on the TSX. Prior to getting started, I’d just like to drop this 5 year performance chart from 3 popular pipelines here in Canada. Enbridge’s forward dividend is now $3.24 CAD ($2.43 USD) giving a dividend yield of about 6.0%. A quick look at the numbers tells us investors who rely on Enbridge’s dividend for income don’t have much to worry about. Yes. Search website for: Popular News. He has become an authority figure in the Canadian finance niche, primarily due to his attention to detail and overall dedication to achieving the highest returns on his investments. Do you think a company with that kind of excellence will slash its dividend at the first sign of bad news? But it's true the energy world is changing given ESG. Despite these subsidiaries offering investors a lot of positives, many investors are worried. Investors are worrying about all the extra inventory out there. All Instrument Types. Considering we are in the midst of a global pandemic that has wreaked havoc on oil prices, this is a strong sign. This oil still has to be transported to its final destination. Enbridge (TSX:ENB)(NYSE:EMB) has long been one of Canada’s most popular dividend stocks, and it’s easy to see why. They see a high payout ratio and assume the dividend is close to being cut. Passive Income: 3 Stocks That Have Raised Dividends for Over 25 Years. I doubt it. That said, the demand for oil and natural gas has not just declined but fallen off a cliff amid the pandemic. It’s nearly impossible to build new pipelines, especially mega projects that cross provincial lines.

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