RE:Is this bad for dividends?I don't think the aquisitions are bad for the dividends. ENB has increased their dividend 21 times over the past 20 years, and have never cut or missed a dividend payment during that time.
Having said that, I'm not fond of having 5% more stock out there tomorrow morning than we had today. Seeing the share price get trimmed to roughly match the extra shares is no surprise, but a bit of a punch to the gut nonetheless. I am trusting the aquisitions are accretive, and that the CEO's describing the aquisitions as 'a once in a generation opportunity', is accurate. If the deals were too good to pass up, the share price should recover in short order. I looked at today as a buying opportunity, and topped up my holdings, as the current yield is 7.83%.... 0.8875 per quarter on today's close of $45.31.
GLTA