19:34:58 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,695,000,042
Close 2018-02-06 C$ 43.84
Market Cap C$ 74,308,801,841
Recent Sedar Documents

Globe says downturn sweetens Enbridge's yield

2018-02-07 08:22 ET - In the News

The Globe and Mail reports in its Wednesday, Feb. 7, edition that Campbell Lee & Ross Investment Management manager Darren Sissons says, "We are of the opinion that buying out-of-favour dividend champions will provide an attractive total return for patient, dividend-focused investors longer term." The Globe's John Heinzl writes that Mr. Sissons says for income-seeking investors with cash to spend, the market drop has a silver lining: Every tick down in a company's share price raises its yield. To take one example, from Jan. 4 through Feb. 5 shares of pipeline company Enbridge ($43.84) tumbled about 15 per cent. As a result, the dividend yield has surged to 6.2 per cent from 5.3 per cent. Granted, the higher yield does not benefit investors who already own the shares. However, for long-term investors who are still in the asset-accumulation phase, Mr. Sissons says market sell-offs present an opportunity to purchase a stream of dividend income at a discounted price. What is more, for companies such as Enbridge that raise their dividends regularly, that stream of income will grow. The Globe reported on Dec. 14, 2017, that RBC analyst Robert Kwan rated Enbridge "outperform." It was then worth $49.56.

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