This is your chance to get in early on what could prove to be very special investment advice. But the fact remains, Enbridge has raised dividends for 2.5 decades and has grown its dividend at a 16% clip annually over the last 5 years. How can Enbridge (NYSE:ENB) sustain its dividend payment? 2021 TFSA Contribution Room: What to Buy With $75,500, Passive-Income Investors: Canadian Banks Are Just Getting Started, 3 Top Canadian Stocks Now Selling at 52-Week Highs, 3 Undervalued TSX Stocks That Can Deliver Superior Returns in 2021, Millennials: How to Save and Invest for Your 1st Home Faster. A service focused on stocks doubling their payouts within 10 years. The reason for the drop in the price of oil, however, causes concern. This is more than triple the S&P 500’s average of ~1.9%, which seems to make it a good option for those seeking a high yield stock for income. Looking at the universe of stocks we cover at Dividend Channel, on 2/13/20, Enbridge Inc (Symbol: ENB) will trade ex-dividend, for its quarterly dividend of $0.81, payable on 3/1/20. Enbridge has paid dividends for over 65 years to its shareholders. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. The current quarterly dividend is CA$0.81 per share, or CA$3.24 per year. If it’s going to announce a dividend suspension or cut, it’s likely going to happen this coming week. Enbridge has $11 billion in secured capital projects on the go and has $14 billion in available liquidity. Not to alarm you, but you’re about to miss an important event. This is a boost from Enbridge Inc. (ENB.TO)'s previous quarterly dividend of C$0.81. Refineries turn crude oil into these products. Enbridge’s dividend of around 8% may look appealing to income investors, but it’s important to remember that payouts aren’t guaranteed; the company can decide tomorrow that it needs to make a change. Enbridge moves about a quarter of the oil produced in Canada and the United States, so the demand drop can hurt the company’s financial results. That has an impact on revenue. Canada's Enbridge has had a pretty rough year so far. That makes a dividend cut all the more likely to happen — the only question at this point is when. In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. This provides a hedge against the weakness on the oil pipeline side. Dividend cover is perhaps the most widely interpreted dividend health metric. Browse The Independent's complete collection of articles and commentary on American People News. Returns since inception, October 2013. Andrew Walker | October 30, 2020 | More on: ENB ENB. About Enbridge: Should You Fear A Dividend Cut? The company has proven it can pay its dividend and increase it. Shares are down roughly 20% since the start of the year, and nearly 30% from early-year highs. ENB's next quarterly dividend payment will be made to shareholders of record on Monday, March 1. Given Enbridge’s efforts to avoid laying off staff during these troubled times, it’s possible that the company will opt to reduce its payouts first before letting go of staff. Oil price fluctuations have a limited direct impact on Enbridge. Its main distribution system normally runs near capacity, but the drop in demand by refineries resulted in lower throughput in recent months. The Motley Fool Canada » Dividend Stocks » Is a Dividend Cut Coming for Enbridge (TSX:ENB) Stock? Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. That’s the feeling I get with Enbridge (TSX:ENB)(NYSE:ENB). Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Once COVID vaccines become widely available, airlines should see restrictions lifted and people will start to commute. Income investors with an eye for value wonder of Enbridge stock is simply too cheap to ignore at the current price. Find the latest dividend history for Enbridge Inc Common Stock (ENB) at Nasdaq.com. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. In the Q2 2020 earnings report, Enbridge said throughput on the oil pipelines fell and was expected to remain under pressure through the third quarter. The pipeline company says it will start paying a quarterly dividend of 81 cents, effective March 1, up from its previous rate of 73.8 cents. The company sold roughly $8 billion in non-core assets and refocused operations on regulated business. Enbridge has paid a dividend every year for 65 years. Investors are better off investing in safer, more sustainable dividend stocks that are in better shape right now. The efforts put Enbridge in a position of strength heading into the pandemic. This is a question I've received many times. In short, investors shouldn’t expect oil and gas stocks to recover until COVID-19’s no longer posing a threat to the global economy, and that could be a while. Shares of master limited partnership Enbridge … Don't miss out! Canada Revenue Agency: Do You Need to Repay CERB Money? It has raised its dividend every year since 1996. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. I don’t suspect management is going to want to end that impressive streak. The post Is a Dividend Cut Coming for … Enbridge took advantage of strong debt markets in Q2 to raise $6.9 billion in capital at attractive rates. View Enbridge Inc. (ENB.TO)'s dividend history. Enbridge (ENB) Declares $0.81 Quarterly Dividend; 10.5% Yield Enbridge (ENB) Declares $0.7380 Quarterly Dividend; 7.8% Yield Enbridge (ENB) Raises Quarterly Dividend 10% to $0.7380; 9.4% Yield Current as of December 18, 2020. Enbridge (NYSE:ENB) declares CAD 0.835/share quarterly dividend, 3.1% increase from prior dividend of CAD 0.810.Forward yield 7.84%Payable March 1; for shareholders of record Feb. The shares will have a yield of about 6.3 per cent, based on Enbridge's closing share price on Monday. 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. The oil and gas giant has its annual shareholders meeting on May 5 and it will discuss its first-quarter results of 2020 on May 7. Oil and gas is as risky as it’s ever been, and investors should keep those stocks out of their portfolios. In the Q2 earnings release, Enbridge said it still expects to meet its DCF guidance for 2020. At the time of writing, Enbridge stock trades at $36.25 per share and provides a dividend yield of 9%. I understand I can unsubscribe from these updates at any time. Enbridge (TSX:ENB)(NYSE:ENB) is paying a dividend yield of around 8%, but investors shouldn't expect it to last. The Motley Fool owns shares of and recommends Enbridge. For example, pipeline project… Enbridge’s forward dividend is now $3.24 CAD ($2.43 USD) giving a dividend yield of about 6.0%. Taking more drastic measures, such as laying off staff earnings release, stock! However, causes concern s natural gas transmission, distribution, and storage businesses continue perform! Or suspending their dividends left and right over the past few years want to end that streak! Out to $ 2.26 in U.S. dollars and equals an impressive 8.8 yield. 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