RE:The dividend effect of Enbridge on ENS .....? .....Hi bbzzzz,
I agree this is a good fund and pays a great and safe dividend. After talking to Middlefield group numerous times in order for the fund to stop paying the dividend Enbridge would have to drop under $26 a share.
There is a very real possibility of a dividend increase especially considering how well Enbridge is performing.
I have not sold over the years, i bought in during the pandemic and have added to my existing amount of 20,000 shares after todays Enbridge report.
Enbridge is a stong company and a dividend aristrocrat. If you want dividends this is a great place to invest.
I think since there is little uncertainty with ENS and people tend to talk more about funds that are riskier with a higher dividend. There is nothing scary about this fund, it has a managemnet fee as do all of them and your getting on average a 4% higher dividend through this than owning Enbridge.
The future for oil looks good as sanctions will probably not be lifted anytime soon and i believe demand will remain high in the coming years.
thanks for keeping the board alive :-)