Experts Are Watching This Number at Enbridge Inc

Enbridge Inc (NYSE: ENB) is a Canadian oil and gas midstream giant that sports an impressive 4.6% yield -- well more than twice what the broader market is offering investors today. It has big plans, too, calling for compound annualized dividend growth of as much as 12% over the next few years. But there's a fly in the ointment that you'll want to know about before you step in here, which is why the experts are watching how the company's leverage and dividend growth play against each other.

Enbridge largely owns midstream oil and gas assets, though it has some electricity investments, as well. Generally speaking, pipeline owners have reliable income streams driven by the industry's toll-taker business model. But things don't always work out as planned. Take, for example, midstream giant Kinder Morgan's (NYSE: KMI) 75% dividend cut in 2016.

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Source: Fool.com