I don’t suspect management is going to want to end that impressive streak. The oil and gas giant has its annual shareholders meeting on May 5 and it will discuss its first-quarter results of 2020 on May 7. Not to alarm you, but you’re about to miss an important event. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Despite the challenging times, distributable cash flow (DCF) in Q2 2020 actually rose compared to the same quarter last year. These are some of the best growth streaks and dividend growth rates in the country. Enbridge also streamlined the corporate structure through the purchase of four subsidiaries. The pipeline company says it will start paying a quarterly dividend of 81 cents, effective March 1, up from its previous rate of 73.8 cents. Enbridge (TSX:ENB)(NYSE:ENB) is paying a dividend yield of around 8%, but investors shouldn't expect it to last. Canada Revenue Agency: Do You Need to Repay CERB Money? The Motley Fool owns shares of and recommends Enbridge. The massive decline in fuel usage forced refineries to cut production. © 2020 The Motley Fool Canada, ULC. Investors are better off investing in safer, more sustainable dividend stocks that are in better shape right now. There are some dividend stocks out there that you can see are doing everything they can to cling onto payouts that seem doomed to be cut. All rights reserved. Not to alarm you, but you’re about to miss an important event. This topped up the company’s growth capital needs for 2020 and means Enbridge won’t have to raise capital again until 2022. Looking at the universe of stocks we cover at Dividend Channel, on 2/13/20, Enbridge Inc (Symbol: ENB) will trade ex-dividend, for its quarterly dividend of $0.81, payable on 3/1/20. Enbridge paid out … Passive Income: 3 Stocks That Have Raised Dividends for Over 25 Years. Shares of master limited partnership Enbridge Energy Partners ... Enbridge Climbs as Strategic Review Ends with 40% Dividend Cut. Summary Enbridge still operates its amazing pipeline network, but the demand for oil & … This is your chance to get in early on what could prove to be very special investment advice. READ MORE. 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. Just Released! There are lots of financial indicators that can help us evaluate the sustainability of a company’s dividend. The payout should be safe, given the DCF outlook and the decent growth portfolio. Don't miss out! Enbridge (TSX:ENB)(NYSE:ENB) now trades close to its 2020 low. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Canada Revenue Agency: Do You Need to Repay CERB Money? The company sold roughly $8 billion in non-core assets and refocused operations on regulated business. Enbridge took advantage of strong debt markets in Q2 to raise $6.9 billion in capital at attractive rates. In the meantime, you get paid a great dividend to wait for the recovery. The ex-dividend date is Thursday, February 11th. In the Q2 earnings release, Enbridge said it still expects to meet its DCF guidance for 2020. Its main distribution system normally runs near capacity, but the drop in demand by refineries resulted in lower throughput in recent months. Current as of December 18, 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. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors. This translates into $3.24 dividend per share on an annualized basis for 2020. Ongoing volatility is expected, but Enbridge stock appears oversold today. How can Enbridge (NYSE:ENB) sustain its dividend payment? CALGARY -- Enbridge Inc. is raising its dividend by nearly 10 per cent. Enbridge Inc. (ENB.TO) pays an annual dividend of C$3.17 per share, with a dividend yield of 7.47%. Is it safe? Even in a worst-case scenario, it seems likely that Enbridge's dividend would merely grow slower than expected but wouldn't be at high risk of a cut. © 2020 The Motley Fool Canada, ULC. How can Enbridge (NYSE:ENB) sustain its dividend payment? Canada's Enbridge has had a pretty rough year so far. Putting your money into them today could lead to significant losses in the weeks and months ahead. Enbridge went through a major restructuring program in the past few years. The midstream industry is one that enjoys numerous competitive advantages for several reasons. This is a boost from Enbridge Inc. (ENB.TO)'s previous quarterly dividend of C$0.81. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. It is computed by dividing earnings per share divided by dividend per share (EPS/DPS) and, generally speaking, dividend cover of less than 1.5x earnings should be a flag for further investigation. Income investors with an eye for value wonder of Enbridge stock is simply too cheap to ignore at the current price. ENB's next quarterly dividend payment will be made to shareholders of record on Monday, March 1. However, recent moves announced by the company suggest that management is looking for ways to cut costs, which could mean a possible dividend cut could be on the horizon. In the Q2 2020 earnings report, Enbridge said throughput on the oil pipelines fell and was expected to remain under pressure through the third quarter. Enbridge valuation 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. The Calgary-based company’s net loss includes an impairment of $1.74 billion on its investment in Denver-based DCP Midstream, which cut its dividend … I understand I can unsubscribe from these updates at any time. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Enbridge Inc. (ENB.TO) pays out 330.00% of its earnings out as a dividend. Passive Income: 3 Stocks That Have Raised Dividends for Over 25 Years. Here's why Enbridge Inc (TSE:ENB) might cut its dividend payment 5th Jun by Ben Hobson Dividend cuts are typically bad news for shareholders - so anticipating them ahead of time can reduce risk and help improve portfolio performance. Dividend Reliability A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. Browse The Independent's complete collection of articles and commentary on American People News. 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. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. This led to reduced crude oil demand. Fool contributor Andrew Walker owns shares of Enbridge. Shares of master limited partnership Enbridge … This provides a hedge against the weakness on the oil pipeline side. A service focused on stocks doubling their payouts within 10 years. And that should come as no surprise given that the COVID-19 pandemic is keeping many people from traveling, and low oil prices are making things even worse for oil and gas companies. The longer the pandemic drags on, the more of a strain it’ll put on the finances of oil and gas stocks like Enbridge. The firm's payout is secured by a healthy payout ratio, and management is working to strengthen Enbridge's balance sheet. On June 17, Enbridge announced that close to 800 employees took leaves of absence, moved to part-time, or accepted early retirement packages. Stocks that have Raised dividends for over 25 years the oil pipeline side structure the. That makes a dividend yield of about 6.3 per cent, based on Enbridge 's share! Complete collection of articles and commentary on American People News history, to decide if is. 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