Reported 4 months ago
The article from The Motley Fool discusses Enbridge (NYSE: ENB), a large midstream company offering a 7.3% dividend yield. While Enbridge is known for its high dividend yield and consistent dividend growth over the years, investors should consider factors such as the company's debt increase due to recent acquisitions, modest growth projections, and potential challenges in the near term. Investors looking for a high-yield, stable energy stock with long-term growth potential may find Enbridge appealing, but those seeking faster dividend growth may consider other options. Holders of Enbridge stock are advised not to rush to sell as the company maintains a solid yield, reliable cash flows, and a shifting business model toward clean energy. Overall, Enbridge may suit conservative income-focused investors, while growth-focused investors may want to explore other opportunities.
Source: YAHOO