WMB - 7%-Yielding Enbridge Is A Dream Stock For Retiring With Dividends
2024-05-12 00:51:38 ET
Summary
- We share our main takeaways from ENB's recent Q1 results.
- We also provide an update on the stock's outlook.
- We also share why we think it is a dream stock for retiring with dividends.
Enbridge ( ENB ) recently reported its Q1 results, indicating that it continues to operate at a high level and is positioned to deliver a combination of a very safe and stable dividend along with dividend growth that should meet or even exceed the rate of inflation over the long term. When combined with its 7.2% dividend yield and BBB+ credit rating, ENB is a dream stock for retiring with dividends since it meets the four criteria that we look for in stocks to support living off of passive income:
1. Defensive and Durable Business Model...
7%-Yielding Enbridge Is A Dream Stock For Retiring With Dividends