It’s time for you to buy Enbridge Inc.

Article Excerpt

Welcome to your latest issue of Canadian Wealth Advisor! As always, we feature safety-conscious gainers ready to add to your long-term returns. Enbridge continues to successfully integrate a huge acquisition—and has raised its dividend. ENBRIDGE INC., $51.63, is now a buy for the Utilities sector of your portfolio. Investors should profit as the pipeline operator (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $104.5 billion; TSINetwork Rating: Above Average; Dividend yield: 6.3%; www.enbridge.com) completes a three-year plan to simplify and streamline its operations following its 2017 purchase of Spectra Energy for $37 billion. That firm operates oil and gas pipelines in the U.S. and Canada. Enbridge’s plan mainly included selling $8 billion of its less-important assets and buying full control of four affiliated firms that operate various pipelines. Thanks to those moves, as well as new projects underway for investors, it expects its cash flow will rise 5% to 7% annually. So, starting with the March 2020 payment, Enbridge will increase your quarterly dividend by…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.