Enbridge Stock (TSE:ENB): Is Its 6.7% Dividend Yield Worth It?
Canadian Oil Gas infrastructure giant Enbridge (TSE: ENB) (NYSE: ENB) has outperformed the market this year, as it is modestly in the green compared to the bear market that the SP 500 (SPX) is experiencing. Investors may have flocked to the perceived safety of Enbridge''s 6.7% dividend yield, giving the stock a boost. However, we believe that there are better opportunities in the market and aren''t looking to buy shares of Enbridge. Why Aren''t We Excited About Enbridge''s High Dividend Yield? While Enbridge has a high dividend that has grown at a compound annual growth rate of 5.2% over the past three years, this isn''t enough to excite us.
Enbridge Stock (TSE:ENB): Is Its 6.7% Dividend Yield Worth It?
Canadian Oil Gas infrastructure giant Enbridge (TSE: ENB) (NYSE: ENB) has outperformed the market this year, as it is modestly in the green compared to the bear market that the SP 500 (SPX) is experiencing. Investors may have flocked to the perceived safety of Enbridge''s 6.7% dividend yield, giving the stock a boost. However, we believe that there are better opportunities in the market and aren''t looking to buy shares of Enbridge. Why Aren''t We Excited About Enbridge''s High Dividend Yield? While Enbridge has a high dividend that has grown at a compound annual growth rate of 5.2% over the past three years, this isn''t enough to excite us.