KMI - Enbridge: The Dip Is An Opportunity For Appreciation And Income As The Dividend Approaches 8%
2024-04-19 09:41:21 ET
Summary
- Enbridge's shares have declined by -6.62% in 2024 and -29.08% over the last decade.
- The company is seen as a dividend stock with potential for capital appreciation.
- Enbridge's growth outlook and value proposition make it an attractive investment, despite the risks associated with the oil and gas industry.
Enbridge Inc. ( ENB ) hasn't had the best start to 2024 as its shares have declined by -6.62%. Shares of ENB have been in a perpetual decline as they have shed -9.36% of their value over the past five years, and -29.08% over the last decade. ENB reached $46.81 on May 30, 2022, and since then, shares have fallen below $40 and never looked back. Some may ask why to focus on income-producing companies such as ENB that have trouble just treading water rather than focusing on capital appreciation. There are many ways to invest, as personal finance is unique, and goals can vary from person to person. ENB has been looked at as a dividend stock, and while I hold it in an income-producing portfolio, I believe that shares are undervalued and present an opportunity for capital appreciation. Unlike equities that don't pay a dividend, ENB is paying you a growing dividend while you wait. I think that ENB shares are significantly undervalued, especially after extending its growth outlook . I think that income investors who pick up ENB under $35 and have time to wait will be rewarded with a dividend that continues to compound and appreciate in the future....
Enbridge: The Dip Is An Opportunity For Appreciation And Income As The Dividend Approaches 8%