RE:RE:RE:RE:RE:Three Percent Quarterly Dividend Increase for 2022Not interested in 2-3 % gains, you can find GICs for that. Even on private mortgage market you find 10% annual intest (even RRSP/TFSA eligible) investments, why do you waste time talking about / chasing 2-3% profits?
FiddyFiddyOddz wrote: SILKOS - If you are THAT stoked about ENB, you could have bought more on margin. What's your margin interest rate, like 3 % ? Borrow at 3 % to get a dividend of 6 %, not to mention the interest on your margin balance is tax deductable. No brainer, right ?
Silkos wrote:"I guess you did not join the webcast. They have no interest in increasing the div 10% in the future, it's already high enough.
Monaco is a great CEO. It was a great presentation, I would have bought more if I could have funds available. He puts the shareholders at ease for sure.
He said they are not happy with the s/p and that the 3% div increase + share repurchase program will bring max appreciation for 2022. They will initiate the repurchase program when sp is at underpriced, bulk repurchase to be expected at the end of 2022. That's the plan for 2022.
Also, they are always interested in both selling and buying assetts for the right price."