This Canadian Energy Titan Could Offer Retirees Sustainable Income
Many companies pride themselves on their tradition of paying and increasing their dividends as a direct reward to their shareholders for the risks they take by investing. Few, however, are so confident in their ability to continue to pay and increase their dividends that they're willing to publicly project dividend growth several years into the future.
Canadian energy titan Enbridge (NYSE: ENB), on the other hand, is so confident in its ability to increase its dividend that it projected annual increases of 10% to 12% between now and 2024. That's a rare enough occurrence that it should provide you reason to believe that it could offer retirees sustainable income, not just through 2024 but potentially even beyond.
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Source: Fool.com
Enbridge Inc. Stock
We see a rather positive sentiment for Enbridge Inc. with 7 Buy predictions and 2 Sell predictions.
With a target price of 53 € there is a hugely positive potential of 55.88% for Enbridge Inc. compared to the current price of 34.0 €.
