Enbridge: A Buy Above, A Hold Below 8% Yield
ENBEnbridge(ENB) Seeking Alpha·2024-08-26 13:14

l T I I T JHVEPhoto Introduction The last time I covered Enbridge Inc. (NYSE:ENB)(TSX:ENB:CA) was on October 30, 2023, in my well-received article called "Enbridge: Thoughts On The Dominion Deal And Past Returns". Back then, I gave Enbridge stock a buy rating because with the lower end of the growth outlook sitting at around 3% per year, coupled with the (back then) dividend yield of 8%+, Enbridge stock looked like a low volatility option to generate low double-digit (around 11-12%) pre-tax returns while lo ...