Enbridge Inc T.ENB.PR.Y

Can not just cruise at above $49

[ecolo101]

Close Friday down of course on high volume , 9 millions shares traded. People getting out for new people getting in at a higher price for the next dividend of 0.915 coming mid May. It takes a buyer for a seller.

It has to break the 49 again. And Again 

The dividend payout ratio is pretty high and new stream of revenu will be needed to get it down or cost reduction program will be needed to maximize free cash flow.

and no, moving the HQ to USA is not a good thing to do.... as suggested in a previous post,,,
good Canadian company can survive in our environment and we should all be happy for this.

next week ahead of May could bring some positive let's hope for it.

dyodd

[Albatross]

72% of DCF payout ratio is bang on their target. If it was lower they would raise the dividend... which they do pretty much every year. It's a dividend stock. That's how they return money to shareholders. With the other cash they use to invest in growth. The dividend is safe because 98% of Enbridge is non-commodity price exposure. They deal in take or pay contracts. Unless for some reason

[ecolo101]

Yep well understood... I hope you did not get in at $59 or $55. regardless The dividend. If you need your capital then it is a lost. but if you are rich enough to let it there and wait you are lucky. breaking the $49 and going to $55 would be a great thing for many bagholders  glta dyodd