Is Enbridge Stock a Buy Now?
Enbridge's (NYSE: ENB) big draw as an investment is its highly reliable dividend, which it has increased annually (in Canadian dollars) for three decades. There's just one problem for investors: The dividend growth rate for this Calgary-based pipeline operator has stalled over the last couple of years.However, there's a light at the end of the tunnel, and that suggests that now could be a decent time to buy Enbridge. Here's what you need to know.Enbridge is lumped in with the midstream sector, which makes sense. Roughly 75% of its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is derived from its oil and natural gas pipeline operations. But the company does much more than collecting tolls for moving oil and natural gas around the world.Continue reading
Enbridge's (NYSE: ENB) big draw as an investment is its highly reliable dividend, which it has increased annually (in Canadian dollars) for three decades. There's just one problem for investors: The dividend growth rate for this Calgary-based pipeline operator has stalled over the last couple of years.
However, there's a light at the end of the tunnel, and that suggests that now could be a decent time to buy Enbridge. Here's what you need to know.
Enbridge is lumped in with the midstream sector, which makes sense. Roughly 75% of its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is derived from its oil and natural gas pipeline operations. But the company does much more than collecting tolls for moving oil and natural gas around the world.
