A payout ratio above 100% is definitely an item of concern, unless there are some other circumstances that would justify it. Enbridge Inc (NYSE:ENB) investors should pay attention to a decrease in support from the world's most elite money managers recently. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Unfortunately, the glory days appear to be over. Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend.
Learn more about. The pace of the market drop was the fastest in history. During the past ten-year period, the first annual payment was CA$0.74 in 2010, compared to CA$3.24 last year.

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Say you bought the Enbridge stock around the beginning of 2017 at the price of around $45 (average). More or less, the performance of these companies will indicate if the sector can regain its lost glory. Over the past month, Enbridge’s stock price has lost 7.15% and year to date, it has lost 4.69% of its value. Future-proof your portfolio by ditching fossil fuel stocks like Enbridge for the growth of renewable energy. The good news for investors is that you don’t need to ditch this stock. The Motley Fool owns shares of and recommends Enbridge. Enbridge paid out almost all of its cash flow and profit as dividends, leaving little to reinvest in the business. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. (Case Study). appeared first on The Motley Fool Canada. Tangerine Bank’s Special Interest Rate and Bonus Offer! However, there are other things to consider for investors when analysing stock performance. With net debt of 5.30 times its EBITDA, Enbridge could be described as a highly leveraged company.

With a payout ratio of 112%, Enbridge is paying out dividends substantially greater than what it earned in profit. Canada’s largest energy company by market cap is just the type of company you’ll want to go hunting for.

© 2020 The Motley Fool Canada, ULC. Based on today’s market price of $40.72 Canadian, the dividend yield works out to be 7.96%. Taking a position is very risky. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. The post Should You Buy Enbridge’s (TSX:ENB) Stock in a Market Crash? Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it’s great to see Enbridge has grown its earnings per share at 15% per annum over the past five years. Fortis is a utility company with $57 billion in assets located in Canada, the United States, and the Caribbean. Today 10 years or a decade later it is $3.24 per share. Even the regulatory winds are at its back. Enbridge stock’s dividend increases over the years: (65 years and still counting! Canadian energy producers, including oil sands king Suncor, are having a very rough year. In its latest earnings report, the company posted a net loss of $1.43 billion in Q1 2020. Likewise, the business model is proving resilient again. Is Enbridge Inc. (TSE:ENB) a good dividend stock?

I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Forget Suncor Energy (TSX:SU): These Stocks Can Give You $4,500 Annually, How to Profit From the Market Crash: 2 Stocks to Trade in Short Term. You’re standing on rock-solid ground. Compared to 2017,  you are now getting almost 35% more dividends in 4 years. There are no plans to implement employee layoffs. That’s 65 years of consistent dividend payments and increases (At CAGR of more than 11% annually). Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. If you want to emulate this company’s historical success, you need to look to the future. All rights reserved. © 2020 Personal Finance Freedom.

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