Where Will High-Yield Enbridge Be in 1 Year?
The big attraction for investors today with Enbridge (NYSE: ENB) is the stock's hefty 6.6% dividend yield. The dividend backing that yield, meanwhile, has been increased annually (in Canadian dollars) for 29 consecutive years. And yet the backstory for Enbridge today is one of change, but in a good way -- if you like owning high-yield stocks of boring and reliable businesses. Here's what you need to know.
Enbridge falls into the energy sector. Specifically, it is classified as a midstream company. That makes complete sense, given that its earnings before interest, taxes, depreciation, and amortization (EBITDA) are largely derived from pipelines that move oil and natural gas. However, Enbridge is a bit different from most of its midstream peers because its portfolio includes other assets as well.
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Source Fool.com
