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TSE:ENB
This summary was created by AI, based on 39 opinions in the last 12 months.
Enbridge (ENB) is recognized as a leading energy infrastructure company, largely driven by its extensive pipeline network that transports significant volumes of crude oil and natural gas across North America. Experts appreciate its reliable dividend, historically around 5-6%, which is viewed as a sustainable income stream providing growth potential through cash flow generation. The company benefits from the ongoing energy demand and capital spending in the sector, with many analysts highlighting its defensive nature amidst market volatility. While there are mixed opinions about its current valuation and growth prospects, most see it as a solid long-term hold, particularly due to its strategic positioning in the LNG market and the increasing importance of Canadian energy supplies amid geopolitical tensions.
It is part of his equity income portfolio. The dividend is very attractive. He is waiting for good quality dividends with great rates. That's why he took a position in Exxon at 9%. With Enbridge, the dividend is around 7.2% which is quite rich. With the dividend tax credit, it is much more attractive than a bond.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There was a lawsuit that was filed against them which could be reason for the decline. The news is not unusual for the sector. There is little risk for the dividend. Unlock Premium - Try 5i Free