- Enbridge saw much of its finances remain in line with last year's levels despite the global pandemic and lower energy prices.
- This is due to the company's very strong contract position with almost entirely investment-grade counterparties.
- Enbridge has become very active in the renewable energy sector, including the construction of two offshore wind farms in Europe.
- These renewable investments position the company very well to take advantage of forward growth in that sector over the next two decades.
- The company can afford its 8.5% dividend yield but I will admit that the coverage is not as high as I would really like to see.
For further details see:
Enbridge: Strong Potential In Renewables For This Stable 8%-Yielder