Enbridge Income Fund HoldingsENF.TOCOMMENTApr 12, 2017Stock 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.
She owns Enbridge (ENB-T) which has better growth prospects. This one owns the Canadian mainline pipeline. Its dividend is sustainable. Enbridge (ENB-T) acquired Spectra last year which really increases their presence in the US, as well as diversifying them out of just crude oil and into natural gas. If you are more interested in pure yield, than ENF is maybe what you would rather have, but Enbridge, with a yield of 4%, will be increasing for a number of years, and has better cash flow growth. Dividend yield of 6.1%.