Is Enbridge a good pick for dividend seekers?

The wide-moat firm has one of the most attractive dividends in the Canadian energy sector

Joe Gemino 2 January, 2020 | 12:04AM

 

 

Joe Gemino: Best idea and wide-moat Enbridge has one of the most attractive dividends in the Canadian energy sector. The stock currently has a handsome yield of 6%, which sits above the subsector’s average. We expect Enbridge to increase its dividend by 10% in 2020, but with only modest annual increases of 3% thereafter.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Enbridge Inc43.65 CAD-0.68

About Author

Joe Gemino

Joe Gemino  Joe Gemino, CPA, is an equity analyst for Morningstar covering Canadian oil and Gas companies.

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