This 8.3%-Yielding Dividend Stock Has Plenty of Fuel to Continue Producing Prodigious Amounts of Passive Income [Yahoo! Finance]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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US:NYSE Investor Relations:
enbridge.com/investment-center/dashboard
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Source: Yahoo! Finance
The midstream company has increased its payment every year, growing it by over 380%. The MLP currently offers an 8.3% distribution yield , putting it several times higher than the S&P 500 's 1.4% dividend yield. That prodigious payout is on an extremely firm financial foundation. Because of that and the pipeline company's visible growth prospects, it should have plenty of fuel to continue growing its big-time passive income stream. That makes it an ideal option for those seeking steadily rising cash flow and who are comfortable with the potential tax implications of investing in MLPs (such as their sending a Schedule K-1 each year instead of a Form 1099-DIV). A financial fortress MPLX recently reported its first-quarter results. The midstream giant continues to generate strong, durable cash flow. It produced nearly $1.4 billion in distributable cash flow in the period , an 8% increase from last year's first quarter. It was enough cash to cover the company's lucrative distributio
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ENB
News
- Enbridge Announces Conversion Results for Series R Preferred SharesPR Newswire
- Most actively traded companies on the Toronto Stock Exchange [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Most actively traded companies on the Toronto Stock Exchange [Yahoo! Finance Canada]Yahoo! Finance Canada
- A Dividend Powerhouse I'd Choose Over Suncor Immediately [Yahoo! Finance Canada]Yahoo! Finance Canada
- Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition [Yahoo! Finance]Yahoo! Finance
ENB
Earnings
- 5/10/24 - Beat
ENB
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 424B5
- 5/10/24 - Form 10-Q
- ENB's page on the SEC website