Why I Just Bought This Stock With an Ultra-High 7.4% Dividend Yield
Enbridge(ENB) The Motley Fool·2024-07-27 16:50
The headline of this article gives away a major reason why I bought Enbridge: It's the dividend, of course. Enbridge's ultra-high dividend yield of nearly 7.4% was very enticing. I don't need the income at this point, but that high yield gives the stock a big head start in generating a market-beating total return. Even better, Enbridge's P/FCF ratio is near its lowest point in years. And it's not because business is bad. The company's adjusted earnings and distributable cash flow grew 8% and 9% year over ye ...