Enbridge: Facing Volatility With A 6%+ Dividend Yield

2025-03-06 10:25:46 ET

Summary

• Recent earnings beat expectations with record EBITDA and DCF per share, driven by successful M&A activities and strong customer demand.
• ENB offers a compelling 6.3% forward dividend yield, with 30 consecutive years of dividend increases, and a potential 13% upside in stock value.
• A rock-solid mature stock providing a 6.3% forward dividend yield looks like a must have in the current unfavorable environment for growth stocks.

Investment thesis

My previous bullish thesis on Enbridge ( ENB ) is doing well because the stock delivered a 7% total return since September 2024, outperforming the broader U.S. equity market. ...

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