RE:Can not just cruise at above $49 72% of DCF payout ratio is bang on their target. If it was lower they would raise the dividend... which they do pretty much every year. It's a dividend stock. That's how they return money to shareholders. With the other cash they use to invest in growth. The dividend is safe because 98% of Enbridge is non-commodity price exposure. They deal in take or pay contracts. Unless for some reason the world stops using oil and natural gas suddenly then they may be in trouble. But I don't think that's going to happen. So the payout is not high