Enbridge Income Fund HoldingsENF.TOCOMMENTApr 15, 2016Stock price when the opinion was issued
As of Nov 10, 2018. Market Open.
Enbridge wants to buy ENF to simplify their corporate structure. In the States, Enbridge offered a small premium, while in Canada, they offered a premium. He suspects the directors of ENF-T are waiting for a higher premium (or that's what he would do). Pays a higher yield than Enbridge Inc. but lacks the dividend growth potential.
The dividend paying portion of the Enbridge family of companies. It has retreated to a point where it is certainly worth looking at. The question he always has is, is there enough growth to go with it. He buys income stocks that always have a growth component to them. With the price retreating the way it is now, you will probably get enough of a bounce in the market to get 5% from the market plus you have a nice dividend.