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AVGOP - Enbridge: Shares Weak After Anemic 3% Dividend Increase
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock Series A
Somewhat unfortunately, I became an Enbridge shareholder when the company bought natural gas pipeline specialist Spectra Energy.
I say unfortunately because while dividend growth has been good (until this year.), capital appreciation has been - like many energy companies - pretty much non-existent.
The stock has been very weak after this week's 3% dividend increase. It should be - the payout ratio is too low.
The good news for shareholders is that the current cap-ex plan for FY2022 is much more pragmatic. No more "pushing on a string" on big pipeline projects that get delayed for years in court.