CA - Enbridge: A 7.5% Yielding Buy And Hold Forever Dividend Aristocrat

2024-06-07 07:00:00 ET

Summary

• Enbridge is one of my highest conviction high-yield ideas, making up 7% of my net worth.
• Enbridge is an industry legend, a dividend aristocrat with risk management in the top 1% of global companies according to S&P.
• Enbridge has strong financial health, a secured growth backlog, and investments in renewable energy projects, positioning it for long-term sustainable income growth.
• Management is guiding for 5% long-term growth, potentially for decades, driven by the green energy transition and 50% growth in European Offshore wind.
• Enbridge is 11% undervalued, offering a 22% potential upside over the next year, and 50% over the next three years, all while providing some of the lowest-risk ultra-yield on Wall Street.

I recently decided to add Enbridge Inc. ( ENB ) to my Fantastic Five, the five companies I am most confident in, to create a concentrated portfolio in five sectors. This is designed to make up 35% of my overall portfolio.

One that creates a potential source of safe yield and incredible dividend growth....

For further details see: