Investors gain either way

Article Excerpt

ENBRIDGE INC. $55.58, is a buy. The company (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $112.5 billion; TSINetwork Rating: Above Average; Dividend yield: 5.8%; www.enbridge.com) still wants to change the way it charges oil producers for space on its Mainline pipeline system. It supplies the U.S. and Eastern Canada. Under the proposal, oil producers and refineries would sign long-term (up to 20 years), fixed-amount shipping contracts, instead of securing space on a month-by-month basis. Big Canadian oil producers are objecting to the switch and it’s now in the hands of the Canada Energy regulator. Either way, though, the ruling won’t change Enbridge’s plan to keep raising your dividend. Starting with the March 2020 payment, Enbridge will increase that quarterly payment by 9.8%. The shares now yield investors a very high 5.8%. 5.8%….