E Split Corp T.ENS

High yield

[Albertaproud]

How can this security pay such a high dividend? Is a yield over 5% not considered risky?

[Kadiddelhopper]

Not so much in the case of Oil/Gas Splits, esp. in a strong Oil/Gas sector as is presently the case. Skill with Covered Call writing by Middlefield Securities works well.... and they are a lot better at Options Clls than I could ever hope to be.   Not in ENS so much for the Dividend Yield as the Capital Gains afforded by the fluctuations of the ENB stock, from which ENS is derived

[Albertaproud]

Thanks for the info. Do you consider this to be more risky than Enb itself?

[Kadiddelhopper]

I am new to ENS, so no track record just yet to judge by. Like all Splits, it merits a steady " Watch " IMO in conjunction with the goings-on s of its Mother Ship..... ENB...the ratio of values appears to be steady.... ENS seems to run @ 27.4 -27.6% of the share value on ENB.... Better experienced detail in the readings of other Contributors...

[dileas48s]

My perspective, is that when using portfolio visualizer (backtest) ENS quite significantly out-performs ENB on it's own.  To me, that's the leverage and covered calls working, but also a result of the monthly compounding of distributions, as opposed to the quarterly dividend (I'm DRIPing it).