Looking for Safety Amid the Plummeting Stock Market? This Nearly 6%-Yielding Dividend Stock Can Help You Weather the Storm.
The stock market has plunged nearly 15% from its recent high due to concerns that tariffs could cause a recession. It could continue sinking if those fears turn into reality. That's because economic downturns can cause corporate profits to plummet. However, some companies are better able to weather economic storms than others. Enbridge (NYSE: ENB) has proven its durability over the decades. The pipeline and utility giant currently pays a dividend yielding nearly 6%, which is one of the many reasons it can help shelter your portfolio from any continued downdraft.Enbridge is an energy infrastructure behemoth. It operates the longest and most complex crude oil and liquids transportation system in North America. It also has leading natural gas transmission and distribution franchises. On top of that, it has a growing renewable energy platform. Continue reading
The stock market has plunged nearly 15% from its recent high due to concerns that tariffs could cause a recession. It could continue sinking if those fears turn into reality. That's because economic downturns can cause corporate profits to plummet.
However, some companies are better able to weather economic storms than others. Enbridge (NYSE: ENB) has proven its durability over the decades. The pipeline and utility giant currently pays a dividend yielding nearly 6%, which is one of the many reasons it can help shelter your portfolio from any continued downdraft.
Enbridge is an energy infrastructure behemoth. It operates the longest and most complex crude oil and liquids transportation system in North America. It also has leading natural gas transmission and distribution franchises. On top of that, it has a growing renewable energy platform.
