Enbridge (ENB) currently sports an 8% dividend yield that is safe and secure. That is a wonderful opportunity for income-oriented investor in an era of near-zero interest rates - and negative real interest rates when including inflation. Enbridge is clearly a "midstream survivor," and the company is undervalued by ~20-25% on an EV to adjusted-EBITDA basis. Meanwhile, it continues to build out its renewables portfolio and has had several positive headlines recently regarding the eastern leg of Line-5 and the Dakota Access Pipeline ("DAPL").
Source: Lambertville Solar Project Fact Sheet
On Tuesday, Enbridge announced it