Why This High-Yield Dividend Stock Should Be Your First Choice for a Sustainable Income Stream
Hundreds of companies pay dividends. Many offer dividend yields well above average (the S&P 500's dividend yield is around 1.2%). That can make it difficult for income-seeking investors to choose which ones belong in their portfolio. Enbridge (NYSE: ENB) believes its more than 6%-yielding dividend should be at the top of every income investor's list. And I agree. Here's why the Canadian pipeline and utility company thinks it's a first-choice investment opportunity.Enbridge's management team discussed the dividend on the recent fourth-quarter conference call with analysts. "Our steadily growing dividend supported by a utility-like cash flow profile, remains a cornerstone of our investment offering, as demonstrated by 30 years of consecutive dividend increases," said CEO Greg Ebel. Continue reading
Hundreds of companies pay dividends. Many offer dividend yields well above average (the S&P 500's dividend yield is around 1.2%). That can make it difficult for income-seeking investors to choose which ones belong in their portfolio.
Enbridge (NYSE: ENB) believes its more than 6%-yielding dividend should be at the top of every income investor's list. And I agree. Here's why the Canadian pipeline and utility company thinks it's a first-choice investment opportunity.
Enbridge's management team discussed the dividend on the recent fourth-quarter conference call with analysts. "Our steadily growing dividend supported by a utility-like cash flow profile, remains a cornerstone of our investment offering, as demonstrated by 30 years of consecutive dividend increases," said CEO Greg Ebel.
