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Enbridge: High-Quality 7.3% Midstream Yield Available For Sale

Jun. 02, 2023 1:48 PM ETEnbridge Inc. (ENB), ENB:CA14 Comments
The Asian Investor profile picture
The Asian Investor


  • Enbridge is a well-run midstream company with a solid dividend yield of 7.3%. The drop translates to an attractive buying opportunity for dividend investors.
  • The company has stable cash flow due to its contracted cash flows. Enbridge confirmed its financial outlook for FY 2023.
  • Enbridge faces risks related to regulatory headwinds in the fossil fuel industry, which could impact expansion projects and future growth.
  • I believe the firm's 'Dividend Aristocrat' premium is deserved.
Oil pipeline in industrial district with factories at dusk


Enbridge (NYSE:ENB) is a well-run midstream firm whose shares have recently fallen to a new 2023 low. On the drop, I believe Enbridge is a very attractive dividend investment for investors. Enbridge is a Dividend Aristocrat and has paid a growing dividend

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The Asian Investor profile picture
I look for high-risk, high-reward situations. Five largest portfolio holdings: Bitcoin, SoFi, Alibaba, PayPal, Western Alliance. Early buyer of cryptocurrencies. I live in Thailand :)

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ENB, EPD, KMI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (14)

Excellent long-term buy and hold.
The Asian Investor profile picture
@Sugar Charlie I agree with you, the dividend is nice as well
jonnyvern profile picture
Can someone explain or confirm if the forward dividend yield will be 9%. Based on 3.55 annualized dividend. Is this right?
Cheese Head profile picture
@jonnyvern Annualized dividend is CAD3.55, divide by share price of CAD50.26 = 7.06% forward yield.
jonnyvern profile picture
@Cheese Head thanks. I was using the USD price and the CDN divvy. Go figure.
The Asian Investor profile picture
@jonnyvern Some yields on some websites are wrong if the company pays a non-USD dividend. The correct yield is now 7% (because the price has risen on Thursday and Friday).
Getting closer, but not ready to pile into oil sector.
What's with the Salesforce picture?
Couldn't resist ,had to buy some morning
Hazy... profile picture
ENB delivers 2 Tcf of Gas in Ontario (50% now comes from USA?)
20% of all USA nat.gas is transported by ENB
34Tcf x.2 = 7 Tcf per year?
3 million bpd carried on ENB Mainline = oil
Obviously ENB doesn't charge enough for its services...
after 3 year of haggling... Mainline Settlement is finally settled for Pennies per Barrel??? hoping to see some numbers in Q2... but sadly ENB says... maybe Q3 will have something from the Settlement. It's tough to see Billion$ spent on Windmills / Solar that doesn't make its system of pipelines any safer, robust or Profitable... where's the vertical integration? Green Power boon-doggle... in Europe?
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