We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. Enbridge’s forward dividend is now $3.24 CAD ($2.43 USD) giving a dividend yield of about 6.0%. Enbridge’s forward dividend is now $3.24 CAD ($2.43 USD) giving a dividend yield of about 6.0%. The usual rule of thumb is that dividend cover of less than 1.5x earnings can become a concern. It is now more than doubled to over 2,020 million at end of 2019. Find the latest dividend history for Enbridge Inc Common Stock (ENB) at Nasdaq.com. This is above my threshold of 65% and suggests that the dividend is not safe. But with that said, Enbridge’s dividend safety metrics have deteriorated since 2016 due to the large number of shares issued for the merger with Spectra Energy Corp and some inconsistent operating results. 5 Stocks Under $49 (FREE REPORT). Since then the stock price has trended down from its peak in mid-2015 and not yet recovered to that level. That's why we have created a variety of income-focused stock screens, such as the Best Dividends Screen, to identify promising candidates for income portfolios. You should make your own decisions and seek independent professional advice before doing so. The stock has a market cap of $58.87 billion, a P/E ratio of 41.53, a PEG ratio of 1.97 and a beta of 0.83. Conserving cash is more important than ever before. If you invest in Canadian stocks and want one-click trades, help managing your asset allocation, and to create your own index fund of dividend stocks sign up for Passiv. in a report on Wednesday, July 22nd. Debt has also increased dramatically over the past decade and especially after 2016. The company also owns regional oil sands pipelines and regulated natural gas pipelines. Enbridge Inc’s rolling dividend cover is 0.91. And especially given that the dividend is as high as it is, it wouldn’t be unreasonable to reduce it and allow investors to still earn a more modest dividend yield. Currently, Enbridge pays investors a quarterly dividend of $0.81. But the large number of shares issued for the Spectra merger resulted in a jump in the cash required to pay the dividend. © Stockopedia 2020, Refinitiv, Share Data Services. Thankfully there are some warning signs that point to an upcoming dividend cut and allow us as investors to get out ahead of time. Enbridge has paid dividends for over 65 years to its shareholders. Enbridge Incs’s historic dividend cover is 0.33. 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. Enbridge Inc’s historic dividend cover is 0.33. We use information, data, and sources in the articles we believe to be correct at the time of writing them, but there is no guarantee of their accuracy, completeness, timeliness, or correctness. Hence, it unlikely that Enbridge will face significant competition for its network of pipelines. It reminds me of Kinder Morgan Partners several years ago, which continued to pay a robust dividend while increasing debt and share count. Is Enbridge the next to suspend or cut its dividend? Quarterly payment amounts for Enbridge’s Preferred Shares. Take a 30 day free trial of our extensive multi-award winning service and find out why more than ten thousand global investors can't live without it. Just Released! I also provide a Review of the Simply Investing Course. Our site should be used for educational & informational purposes only. 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. This site is for entertainment, informational, and educational use only. One way to analyse dividend safety is to focus on a company’s balance sheet strength. Enbridge offers a unique value proposition that brings together a combination of transparent growth, a reliable, low-risk business model and significant dividend income. This can only go on for so long. The company has paid a lucrative dividend for a long time. Please read the Privacy Statement and Terms of Service for more information. In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. We are not providing you with individual investment advice on this site. This is your chance to get in early on what could prove to be very special investment advice. David Jagielski | April 8, 2020 | More on: ENB ENB. This is lower than the dividend payout 3.02 and indicates that the company has not generated enough FCF to cover dividends over the past twelve months. The Motley Fool Canada » Dividend Stocks » Dividend Investors: Will Enbridge (TSX:ENB) Suspend its Payouts? For many investors, dividends are a vital part of their long-term strategy. Past performance is not a guide to future performance & investors may not get back the amount invested. The share count in 2015 as about 847 million.

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