- Somewhat unfortunately, I became an Enbridge shareholder when the company bought natural gas pipeline specialist Spectra Energy.
- I say unfortunately because while dividend growth has been good (until this year.), capital appreciation has been - like many energy companies - pretty much non-existent.
- The stock has been very weak after this week's 3% dividend increase. It should be - the payout ratio is too low.
- The good news for shareholders is that the current cap-ex plan for FY2022 is much more pragmatic. No more "pushing on a string" on big pipeline projects that get delayed for years in court.
For further details see:
Enbridge: Shares Weak After Anemic 3% Dividend Increase