VDE - Here's Why Enbridge Is a No-Brainer Dividend Stock
2023-12-16 05:06:00 ET
Enbridge (NYSE: ENB) is offering dividend investors a hefty 7.7% yield today. That's well above the 1.4% or so yield you could collect from an S&P 500 index fund or the 3.5% average yield found in the broader energy sector, using the Vanguard Energy ETF (NYSEMKT: VDE) as a proxy. If you are looking to maximize the income your portfolio generates, Enbridge is as close to a no-brainer dividend stock as you can get. Here are a few reasons why.
Enbridge pays dividends in Canadian dollars, so the dividend a U.S. investor actually receives will fluctuate along with exchange rates. The graph below seems to be a bit uneven for that reason. The key is that the chart heads steadily higher nonetheless. That's because Enbridge has increased its dividend every single year for 28 consecutive years.
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Here's Why Enbridge Is a No-Brainer Dividend Stock