CA - Wall Street Finally Woke Up To Enbridge's 7% Yield
2024-05-17 08:00:00 ET
Summary
- Enbridge, a cornerstone of energy security, offers value with a 7% dividend yield. Despite past setbacks, recent growth signals a promising future.
- Midstream assets like ENB gain Wall Street attention amid market shifts. Strong financials and strategic acquisitions bolster its position.
- ENB's record financial results and steady dividend growth make it an attractive investment. Despite past performance concerns, its current valuation suggests significant upside potential.
Introduction
It's time to talk about Enbridge ( ENB ) (ENB:CA) , one of my favorite stocks on the market for two major reasons:
- It's North America's largest midstream company, which makes it the backbone of (global) energy security. It's a fantastic company to study for a "supply chain guy" like myself.
- The company comes with a 7% and fantastic value characteristics, making it a great stock for what I believe will be a very favorable period for "value" stocks.