RE:RE:RE:RE:Many own this But not the past two years.
Dividend growth for the past two years has been considerably less than 10%. The annual increase fell to 3% in both 2021 and 2022. Inflation-adjusted, the purchasing power of the dividend has SHRUNK over this time.
Our family has been reducing our ENB position accordingly, now down to one-third of where we were six months ago, moving into companies where we expect dividend growth to remain steady.
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Alkayssi wrote: For the past 27 years, ENB dividend has been growing 10 percent a year. So if this continues then in 10 years, dividend will be doubled or in 5 years it will be increased 50 percent. If ENB 10 years from now lose 20 percent of its value, stock will be around 40 dollar. By then ENB stock holders woulr still made 40 percent profit and higher dividend by then for sure. No matter how you calculate it, you would make at least double of what would you make with 4 percent GIC.