Is Enbridge Stock a Buy?
Canadian midstream giant Enbridge (NYSE: ENB) is offering investors a hefty 7.1% forward dividend yield today. And that yield is backed by 26 years of annual dividend increases. Those two facts should attract the attention of most dividend investors, but there's so much more to know about the company. Here's why income focused investors should consider buying Enbridge today.
Roughly 54% of Enbridge's earnings before interest, taxes, depreciation, and amortization (EBITDA) comes from its massive oil pipeline network. The company estimates that it carries around 25% of all North American oil and has more pipes (by miles) than any of its peers. Its system spans from Canada all the way to Mexico. There is no question that oil is a very important commodity for this midstream giant. However, there is still another 46% of the business to know about.
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Source Fool.com
