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-0.000421229991575466 -0.000631844987363124 -0.000421229991575466 -0.000842459983150782 -0.000105307497893904 0.00273799494524001 0.00136899747262 0.00147430497051391
Stock impact report

A Dividend Giant I'd Buy Over BCE Stock Right Now [Yahoo! Finance Canada]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
There are laws of physics like gravity and thermodynamics, and I like to think there are laws of investing, too. One of the most reliable ones is simple: if a dividend is not well covered by free cash flow, it will eventually be cut. Investors often look at dividend payout ratios based on earnings, but that approach breaks down for capital-intensive businesses. In sectors like telecom, accounting earnings are heavily distorted by depreciation, while it's the cash flow that actually pays dividends. A good example is BCE TSX:BCE ). Earlier this year, I flagged its unusually high payout ratio based on distributable cash flow and suggested management would likely cut the payout outright, which ended up happening. We're now seeing similar warning signs at TELUS , which has paused dividend increases as analysts question how sustainable the payout really is, given rising debt costs. The headwinds are structural. Slower population growth limits subscriber expansion, pricing power is ca Show less Read more
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