RE:RE:RE:ReliabilityI think it is as near a certainy as there can be to see at least a 3% dividend increase next month (historically ENB has increased dividend in each of the last 4 years in Oct approx by 3%). So look for $3.78-3.80/yr or .95 a quarter vs current .915. CDN
Interest rates falling and projected to continue falling which is good if you are carrying the debt ENB is, recent acquisition revenue coming online. Nearly all costs have now been absorbed and equity raise completed. All the ingredients are in the mix now.
Lastly, love him or hate him, the Bad Orange Man will be positive for ENB if he gets elected, Biden put a hold on a large number of LNG projects across the US. It's a wildcard tossup that should be taken into account.
NextTrendSearch wrote: That is a decent number, for me I don't have a number in mind. This sector has been out of favour for a couple years and is just waking up. Add to that interest rates are falling, in reports from TD and others to potentially as low as 2.75 percent in late 2025. An extra 1.5 percent less adds a lot of free cash to bottom line which Enbridge is really good at getting back to shareholders. There are rumours that they might even increase the divident before the end of the year....not sure I would count on that.
Lower interest rates also mean more interest in strong dividend stocks. There is a lot of cash that could be moved into this sector from bonds and t-bills.
My gut feeling is that Enbridge is sitting back and watching how TRP's spin out does. Before it was announced, TRP stock was in the high 40's, and now along with other advancements the stock price has surged to over $63.00. I am sure Enbridge and others could use this strategy to split of businesses and potentially grown them along with the core company. Free shares in a new company attracts a segemnt of investors.
I find this an interesting time in this sector and a few specific companies. Think I will be hanging on to my position here for a while.
Glta