Thereafter the information depicts dividends declared by ENF. 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. The dividend is safe when you consider ENB's distributable cash flow. Enbridge has increased its annual dividend each year since 1995. An analysis of Enbridge’s dividend must go a little deeper than just the numbers. At this point, Enbridge has increased its dividend annually for a quarter of a century. One stock that’s been quiet about its dividend has been Enbridge Inc (TSX:ENB)(NYSE:ENB). Many dividend stocks have been cut or suspended — one of the latest being Inter Pipeline, which shouldn’t come as much of a surprise to investors. ENB's next quarterly dividend payment will be made to shareholders of record on Monday, March 1. On an annual basis, that yields more than 8% per year. And given the direction of the industry, it’s hard to envision … A sustained distribution/dividend that has never been cut; Dividend/Distribution History. Looking at the universe of stocks we cover at Dividend Channel, on 8/13/20, Enbridge Inc (Symbol: ENB) will trade ex-dividend, for its quarterly dividend of $0.81, payable on 9/1/20. Thanks A look at Enbridge Inc (TSE:ENB)’s dividend cover. Am thinking of buying more bank shares from my enbridge sale. Enbridge’s dividend has normally been over 5%, and so it’s normally been a high-paying dividend stock. But Enbridge managed to get through that period without having to resort to a dividend cut. The longer the pandemic drags on, the more of a strain it’ll put on the finances of oil and gas stocks like Enbridge. Dividends Enbridge Inc. (ENB.TO) (TSE:ENB) Dividend Information. The dividend, which yields 7.8%, is on stable footing and is more likely to be hiked that cut, given the shareholder-friendly nature of management and potential medium-term catalysts that could further improve its operating cash flow stream. Shares are down roughly 20% since the start of the year, and nearly 30% from early-year highs. It has also proven it can … In the short term, Enbridge may keep its dividend if only to see how bad things get in the coming months. That’s a concern for Enbridge investors, as it pushes more pressure on the possibility that a dividend cut may be inevitable. This translates into $3.24 dividend per share on an annualized basis for 2020. That’s well above the $3.7 billion that it had in free cash flow. That’s a concern for Enbridge investors, as it pushes more pressure on the possibility that a dividend cut may be inevitable. CALGARY -- Enbridge Inc. raised its dividend as it released its latest financial guidance. CALGARY -- Enbridge Inc. is raising its dividend by nearly 10 per cent. However, if you take the dividend cut in 2016 and the less-than-promised 5% hike in 2020 into account, those wishing to err on the side of caution will probably still end up preferring Enbridge. Is it safe? But the old saying goes there are two things certain in life – death and taxes… and the latter can result in some of those precious dividends slipping through your fingers and into the taxman’s pocket! Enbridge Inc. (ENB.TO) pays out 330.00% of its earnings out as a dividend. Oil and gas stocks have been cutting or suspending their dividends left and right over the past few weeks. 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. I dove deeply into Enbridge’s dividend sustainability in the video below. 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. This represents a $3.34 dividend on an annualized basis and a dividend yield of 7.88%. Enbridge avoids layoffs, but… On June 17, Enbridge announced that close to 800 employees took leaves of absence, moved to part-time, or accepted early retirement packages. Enbridge has paid a dividend every year for 65 years. A rate cut is a plus for dividend payers because lower yields on so-called “safe” investments, like Treasuries, drive more buyers to dividend stocks. In 2019, Enbridge paid out $6.4 billion in dividends during the year. 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. 14 mins 5 Stocks to Watch as Bitcoin Soars Past $20,000 Timothy Sykes 15 mins Is Coca-Cola Stock a Buy? Oil and gas stocks have been cutting or suspending their dividends left and right over the past few weeks. I am thinking of bailing ASAP what do you think? Thoughts ? Enbridge Inc (ENB) will begin trading ex-dividend on August 13, 2020. Is Enbridge the next to suspend or cut its dividend? *Exceptions to the above: September 1, 2013 Enbridge Inc. Common Share Dividend: Please note that a portion of the $0.3150 September 1, 2013 Enbridge Inc. Common Share dividend was not designated as an “eligible dividend” pursuant to Subsection 89(14) of the Income Tax Act. A highly leveraged company that struggles to meet its short-term liabilities is more likely to cut its dividend than a well-financed one. It is computed by dividing earnings per share divided by dividend per share (EPS/DPS) and, generally speaking, dividend cover of less than 1.5x earnings should be a … We now know why. States are receiving less vaccine than promised. Conserving cash is more important than ever before. A dividend cut … If there’s no improvement and no reason to be optimistic, it may only be a matter of time before the company decides to cut or suspend its payouts. I don’t suspect management is going to want to end that impressive streak. Will Enbridge’s dividend be cut? Dividend cover is perhaps the most widely interpreted dividend health metric. Should you pursue your analysis, this video will bring you more insights. Buying Exxon Mobil Could Be Like Buying Banks In 2009 (NYSE:XOM) Logan Kane Dec. 08, 2020 9:43 AM ET. That means there may be an even greater delta this year between free cash and dividend payments. I don’t forecast any dividend cut at this point. We should also look at the company’s dividend history. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. Prior to 2011, investors received a taxable distribution directly from the Fund. Enbridge’s Competitive Advantages, Risks, and Moat. It’s not a great reason to decide to keep the dividend intact. The good news is that Enbridge is still a solid long-term investment. Currently, Enbridge pays investors a quarterly dividend of $0.81. However, recent moves announced by the company suggest that management is looking for ways to cut costs, which could mean a possible dividend cut could be on the horizon. But at over 8%, it’s glaring. The pandemic forced many companies to cut dividends. Currently, Enbridge pays investors a quarterly dividend of $0.81. For every dollar they take in they pay out 1.24$. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. CALGARY -- Enbridge Inc. is raising its dividend by nearly 10 per cent. By comparison for example, the Canadian banks roughly have a 50% payout ratio which is very sustainable going forward. Enbridge has paid dividends for over 65 years to its shareholders. The pipeline company says it will increase its quarterly payment to shareholders to 83.5 cents per share, up from 81 cents per share. For further details on this – and to find out the name of the single most tax-efficient account to hold your US stocks in! The cost and regulatory hurdles that need to be overcome for a new competitor are substantial. Enbridge offers a unique value proposition that brings together a combination of transparent growth, a reliable, low-risk business model and significant dividend income. Enbridge has increased its dividend payout even as the pandemic caused other companies to cut or entirely suspend dividends. Even if it does reduce or suspend its dividend payments, it may not be for the long term. The last nail in the coffin was … Final Thought. 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. I recently wrote about why ENB is a good buy right now for long term investors looking for income. The longer the pandemic drags on, the more of a strain it’ll put on the finances of oil and gas stocks like Enbridge. The company has proven it can pay its dividend and increase it. The cost and regulatory hurdles that need to be overcome for a new competitor are substantial. That marks 25 consecutive years of dividend increases — a feat that immediately vaults Enbridge into the elite dividend-growth stocks in Canada. Dividend Investors: Will Enbridge (TSX:ENB) Suspend its Payouts? On an annual basis, that yields more than 8% per year. About Enbridge: Should You Fear A Dividend Cut? Dividend.com: The #1 Source For Dividend Investing. Payout Estimate. which shouldn’t come as much of a surprise to investors, A Weak Canadian Dollar Could Make These 3 Stocks Skyrocket, Why Enbridge Stock Price Lagged the TSX by 1.7% in March, TSX Stocks: 2 Canadian Heavyweights Yielding 8%. Shares are down roughly 20% since the start of the year, and nearly 30% from early-year highs. One stock that’s been quiet about its dividend has been Enbridge Inc (TSX:ENB)(NYSE:ENB). But some companies will continue to pay their dividends throughout the crisis. Final Thought After reviewing financial statements, recent news and stories as well as Enbridge’s business model and my investment thesis, I will keep my shares and expect a dividend increase in 2021. Enbridge has increased its annual dividend each year since 1995. It has raised its dividend every year since 1996. The post Dividend Investors: Will Enbridge (TSX:ENB) Suspend its Payouts? As one of the largest pipeline companies, Enbridge probably has a wide moat due to its scale and network. Enbridge's stock price has reflected that fear of a dividend cut. 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. Show full articles without "Continue Reading" button for {0} hours. 5th Jun by Ben Hobson. There are lots of financial indicators that can help us evaluate the sustainability of a company’s dividend. Canada's Enbridge has had a pretty rough year so far. I hate spam and you should too. They see a high payout ratio and assume the dividend is close to being cut. Enbridge (NYSE: ENB) should be one of those companies. The company has proven it can pay its dividend and increase it. Enbridge Inc’s net gearing ratio is 98.5% - above the 50% threshold. Enbridge stock has been a solid wealth creator. New Russian weapons add to simmering tensions over a lingering territorial dispute in Asia. 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