There are some dividend stocks out there that you can see are doing everything they can to cling onto payouts that seem doomed to be cut. *Exceptions to the above: September 1, 2013 Enbridge Inc. Common Share Dividend: Please note that a portion of the $0.3150 September 1, 2013 Enbridge Inc. Common Share dividend was not designated as an “eligible dividend” pursuant to Subsection 89(14) of the Income Tax Act. I believe it’s a great place to buy Enbridge at the low $40’s per share level for investors with an investment horizon of at least three years. This is your chance to get in early on what could prove to be very special investment advice. It’s going to attract a lot of attention from investors the longer the industry struggles. Recommended for you. Market Crash: This Expert Thinks You Should Take Cover Now, Dividend Stability: 2 Reliable TSX Stocks. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Canada Pension Plan: Should You Start Your CPP at 60, 65, or 70? Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Currently, Enbridge pays investors a quarterly dividend of $0.81. Dividend Safety Scores cut through the noise to assess how likely a company is to put its dividend on the chopping block. While it’s certainly possible that the company continues to hold off on making any drastic move on its dividend, that doesn’t mean it’s safe. Current as of December 19, 2020. In short, investors shouldn’t expect oil and gas stocks to recover until COVID-19’s no longer posing a threat to the global economy, and that could be a while. So this dividend makes sense to us in 2021," Monaco said. Enbridge … Will Enbridge’s dividend be cut? The company has thus far avoided taking more drastic measures, such as laying off staff. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future. Don't miss out! The midstream industry is one that enjoys numerous competitive advantages for several reasons. On November 2, 2018, Enbridge Inc. announced that it has suspended its dividend reinvestment and share purchase plan (DRIP) until further notice. Enbridge Energy Partners’ stock has a yield of 14.66% and has the third highest yield of the Oil & Gas Pipelines Industry. Currently, Enbridge pays investors a quarterly dividend of $0.81. However, it’s conceivable that it may play a role in the company’s decision-making process. Even if it does reduce or suspend its dividend payments, it may not be for the long term. Enbridge Upgraded Even as Dividend Cut Expected. 5 Stocks Under $49 (FREE REPORT). This is a big reason why Enbridge has been able to stack up one of the most impressive dividend growth track records in all of energy. This 1 Cannabis Stock Is Near All-Time Highs! Enbridge has increased its annual dividend each year since 1995. The information shown above includes distributions declared by the Fund up to and including 2010. David Jagielski | April 8, 2020 | More on: ENB ENB. Dividend history information is presently unavailable for this company. CALGARY -- Enbridge Inc. is raising its dividend by nearly 10 per cent. 5 Stocks Under $49 (FREE REPORT). Furthermore, Enbridge has largely insulated itself from volatile commodity pricing. They're hiking it another 10% this year, guaranteed. © 2020 The Motley Fool Canada, ULC. More on that—and 4 imminent dividend cuts you need to dodge now—shortly. However, recent moves announced by the company suggest that management is looking for ways to cut costs, which could mean a possible dividend cut could be on the horizon. Market Crash 2021: 2 Safe Stocks if You’re Scared, Retired? Conserving cash is more important than ever before. The time remaining before the next ex-dividend date. Stock and Dividend Information. Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America and internationally. Canada's Enbridge has had a pretty … On an annual basis, that yields more than 8% per year. That’s a concern for Enbridge investors, as it pushes more pressure on the possibility that a dividend cut may be inevitable. Since 1926, 40.2% of the S&P 500's total return can be attributed to dividends, according to The New York Times. But given the risk that exists in the industry today, dividend investors may be better off looking for more stable investments where commodity prices won’t heavily impact their investments or dividend income. Dividends have been an important source of returns for investors. The Motley Fool Canada » Coronavirus » Dividend Investors: Will Enbridge (TSX:ENB) Suspend its Payouts? And the problem is that in 2020, demand for oil likely going to be significantly lower. And especially given that the dividend is as high as it is, it wouldn’t be unreasonable to reduce it and allow investors to still earn a more modest dividend yield. Currently, the stock offers a yield of 6.2%, which is quite enticing for a large-cap, dividend-growth company with above-average growth. However, recent moves announced by the company suggest that management is looking for ways to cut costs, which could mean a possible dividend cut could be on the horizon. That marks 25 consecutive years of dividend increases — a feat that immediately vaults Enbridge into the elite dividend-growth stocks in Canada. While its dividend is appealing today and the company is still producing strong resultstoday, I wouldn’t rely on its dividend for the long term given all the uncertainty that exists today, especially considering the size of the payments that Enbridge is making. It’s not a great reason to decide to keep the dividend intact. Canada Pension Plan: Should You Start Your CPP at 60, 65, or 70. In my situation, I don’t really mind now since I don’t depend on my portfolio (yet) to manage my budget. This means that large players like Enbridge, with vast access to low-cost capital, have a major advantage over smaller rivals. If you buy this business for its dividend, you should have an idea of whether Enbridge's dividend is reliable and sustainable. Don't miss out! The longer the pandemic drags on, the more of a strain it’ll put on the finances of oil and gas stocks like Enbridge. That means there may be an even greater delta this year between free cash and dividend payments. Scores are available for almost 1,000 stocks and can help you generate safer income. 3 of the Best Dividend Stocks to Make Fast Money. Conserving cash is more important than ever before. Putting your money into them today could lead to significant losses in the weeks and months ahead. This 1 Cannabis Stock Is Near All-Time Highs! David Jagielski | July 1, 2020 | More on: ENB ENB. Chevron, which traces its roots to 1879, hasn't cut its dividend since 1934 during the Great Depression. Start slideshow: Top 25 S.A.F.E. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. An analysis of Enbridge’s dividend must go a little deeper than just the numbers. Enbridge stock has been a ridiculously volatile roller-coaster ride over the past five years. © 2020 The Motley Fool Canada, ULC. The shares will have a yield of about 6.3 per cent, based on Enbridge… All rights reserved. The company last raised its dividend payout by 10% and sports an attractive dividend yield of 6.2%. Since 1995, its dividend growth CAGR is an enviable 11%. We should also look at the company’s dividend history. Market Crash 2021: 2 Safe Stocks if You’re Scared, Retired? Simply click the link below to grab your free copy and discover all 5 of these stocks now. A dividend cut looks inevitable - equity raises may also be on the table. In 2019, Enbridge paid out $6.4 billion in dividends during the year. That’s well above the $3.7 billion that it had in free cash flow. I explain why in spite of my pessimistic forward outlook, I am neutral on SKT. Simply click the link below to grab your free copy and discover all 5 of these stocks now. It has increased its payout at an average compound annual growth rate of 13% over the last decade. However, Capital IQ consensus estimates now bake in a 40% dividend cut in '17, so we see downside as limited. The first split for ENB took place on May 31, 2005. The pipeline company says it will start paying a quarterly dividend of 81 cents, effective March 1, up from its previous rate of 73.8 cents. A sustained distribution/dividend that has never been cut. 3 of the Best Dividend Stocks to Make Fast Money. Enbridge (ENB) has 3 splits in our ENB split history database. Last year's total dividend payments show that Enbridge has a trailing yield of 7.3% on the current share price of CA$44.17. If your shares you hold pay you $2K in dividend per year and they get cut by 30%, you are left with a revenue of $1,400 going forward. On an annual basis, that yields more than 8% per year. On June 17, Enbridge announced that close to 800 employees took leaves of absence, moved to part-time, or accepted early retirement packages. This was a 2 for 1 split, meaning for each share of ENB owned pre-split, the shareholder now owned 2 shares. Returns since inception, October 2013. Enbridge has a trailing twelve-month payout ratio of 176.87%, meaning the dividend is not sufficiently covered by its earnings. Even as many of its peers in the oil and gas industry have slashed or suspended their payouts, the Canadian pipeline company has refused to follow suit. Why the company may consider adjusting its dividend policy. The Motley Fool Canada » Dividend Stocks » Is a Dividend Cut Coming for Enbridge (TSX:ENB) Stock? Please read the Privacy Statement and Terms of Service for more information. However, with ample coverage for its dividend, I don’t believe we will see a dividend cut at Enbridge. Stock and Dividend Information. As a result, shareholders participating in the DRIP will automatically receive cash dividends. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. This is your chance to get in early on what could prove to be very special investment advice. Please read the Privacy Statement and Terms of Service for more information. They're not going to cut … Enbridge has increased its dividend payout even as the pandemic caused other companies to cut or … Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. As a result, readers should always check whether Enbridge has been able to grow its dividends, or if the dividend might be cut. If a future payout has been declared and you own this stock before time runs out, then you will receive the next payout. Conserving cash is more important than ever before. We credit this unique value proposition for delivering excellent returns to shareholders year after year, and we plan to stick with our proven formula. I think Enbridge promised to hike their dividend 10% a year four years ago and has gone 3/3 so far. And while the near-term future and safety of the dividend are up in the air, I think income investors should buy the stock. Enbridge expects to cut its capex by approximately $1 billion for 2020 and increase it by a similar amount in 2021 when COVID-19 headwinds have a chance to fade. This translates into $3.24 dividend per share on an annualized basis for 2020. Highlights of ENF’s distributions include: Monthly payment frequency. Its executives also took pay cuts, and Enbridge was also reducing the base pay for its non-union employees. The blue-chip energy stock recently hit a 52-week low as low oil prices are plaguing oil and gas stocks in Canada yet again. N/A. Enbridge (ENB) Declares $0.81 Quarterly Dividend; 10.5% Yield Enbridge (ENB) Declares $0.7380 Quarterly Dividend; 7.8% Yield Enbridge (ENB) Raises Quarterly Dividend 10% to $0.7380; 9.4% Yield For now, it owns 4.6 gigawatts of renewable energy assets, which it … The pipeline company says it will start paying a quarterly dividend of 81 cents, effective March 1, up from its previous rate of 73.8 cents. A dividend cut looks inevitable - equity raises may also be on the table. The dividend is safe when you consider ENB's distributable cash flow. Enbridge Inc. (TSX:ENB)(NYSE:ENB) is a 9%-yielding falling knife that could be overdue for a big bounce as it nears its 52-week-low level of support. It would be disappointing for the company to have just reached that milestone and only months later have to suspend or reduce the dividend. ENB's second split took place on June 01, 2011. On June 17, Enbridge announced that close to 800 employees took leaves of absence, moved to part-time, or accepted early retirement packages. In an update of its financial guidance, Enbridge (NYSE:ENB) reaffirms its outlook for 5%-7% average long-term annual distributable cash flow per … First, it’s highly capital intensive, with major projects often costing billions of dollars to complete. The blue-chip energy stock recently hit a 52-week low as low oil prices are plaguing oil and gas stocks in … Now read: About Enbridge: Should You Fear A Dividend Cut? Reuben Gregg Brewer believes dividends are a window into a company's soul. This could indicate that the company has never provided a dividend or that a dividend is pending. Enbridge has increased its annual dividend each year since 1995. August is the time when investors might expect to see the company make an announcement related to its dividend. Low oil prices combined with the coronavirus pandemic have sent many stocks in the industry into a tailspin. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Enbridge has the second-greatest access to low-cost capital in the industry, with C$18 billion available. The company pays its dividend on a quarterly basis to equal a total amount of $1.40 per year. As a transporter of energy, Enbridge operates, in Canada and the United States, the world's longest crude oil and liquids pipeline system. Enbridge (ENB) Declares $0.81 Quarterly Dividend; 10.5% Yield Enbridge (ENB) Declares $0.7380 Quarterly Dividend; 7.8% Yield Enbridge (ENB) Raises Quarterly Dividend 10% to $0.7380; 9.4% Yield In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. Enbridge has delivered 16% dividend growth per year on average over the past ten years. Enbridge’s dividend has normally been over 5%, and so it’s normally been a high-paying dividend stock. He tries to invest in good souls. Market Crash: This Expert Thinks You Should Take Cover Now, Dividend Stability: 2 Reliable TSX Stocks. 1. Enbridge has paid dividends for over 65 years to its shareholders. Even if Enbridge is pressured enough to slash its dividend, I think such a cut would be modest in nature such that the post-cut yield would still be quite generous given the circumstances. 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