|Bid||50.95 x 0|
|Ask||50.96 x 0|
|Day's Range||50.78 - 51.44|
|52 Week Range||39.69 - 51.96|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||17.67|
|Earnings Date||Feb. 13, 2020 - Feb. 17, 2020|
|Forward Dividend & Yield||2.95 (5.77%)|
|1y Target Est||55.20|
Enbridge (TSX:ENB)(NYSE:ENB) now yields 6.3% and offers wonderful total returns at a decent valuation.
If you want to generate free cash on a regular basis, simply create your own passive income stream using pipeline stocks like Inter Pipeline (TSX:IPL).
Use Enbridge and Royal Bank stocks to create a second pension that can bolster your retirement income from the Canadian Pension Plan.
If the Canadian dollar plunges in value, your financial future could be at risk. Stocks like Hydro One Ltd (TSX:H) can insulate you from volatility.
CALGARY — The CEO of Enbridge Inc. says an updated environmental review released by a Minnesota state agency on Monday is a "good outcome" but declined to speculate on when its oft-delayed Line 3 pipeline replacement project will be completed.The state Department of Commerce found no serious threat to Lake Superior if crude oil leaks from the pipeline that carries Canadian crude from Alberta across North Dakota and Minnesota on the way to Enbridge's terminal in Superior, Wis.State regulators ordered the update after the Minnesota Court of Appeals in June declared that an earlier review, issued in February 2018, was inadequate because it failed to specifically address the potential impacts of a spill into the Lake Superior watershed.CEO Al Monaco, speaking on a webcast from Enbridge's New York investor day on Tuesday, said the Minnesota Public Utilities Board will allow comment on three topics — adequacy of the final environmental impact statement, the certificate of need and the routing permit — at a one-day oral hearing on Dec. 19, with the comment period closing in mid-January."We think it's a good outcome that the PUC is going to have a comment period related to all three of those items," he said."It doesn't change our approach in that we're not providing any specific guidance on in-service date but obviously a good, positive outcome here, I think."The project would double the capacity of the existing Line 3 pipeline, which was built in the 1960s and is increasingly subject to cracking and corrosion. Environmental and tribal groups have been fighting the project because of the potential for spills in the Mississippi River headwaters region and because the oil would contribute to climate change.The Canadian portion of the pipeline entered service on Dec. 1. Analysts at Stifel FirstEnergy say they are estimating a Jan. 1, 2022 startup date for the U.S. side — much later than Enbridge's last official estimate of the second half of 2020.Growing demand for energy around the globe is a positive signal for Enbridge but growing opposition to midstream projects like pipelines has increased costs and risks, Monaco told investors."It's tougher to get things done so we've had to develop and have developed a unique execution capability and skill set that is built for this environment," he said."In terms of how we grow the business, the approach is that we're going to focus on projects that optimize and expand the existing footprint, diversifying our opportunity set, again, especially on exports."On Monday, Enbridge announced it would work with Enterprise Products Partners L.P. to jointly develop a deep-water offshore crude oil export terminal capable of loading Very Large Crude Carriers (VLCCs) on the U.S. Gulf Coast in Texas.It also announced that it will advance the development of a new oil storage terminal at Houston with ultimate capacity of up to 15 million barrels of storage and access to crude from throughout North America.Enbridge announced Monday it would raise its quarterly dividend by nearly 10 per cent to 81 cents per share, effective March 1, up from its previous rate of 73.8 cents.The shares will have a yield of about 6.3 per cent, based on Enbridge's closing share price on Monday.In its outlook for 2020, Enbridge says it expects earnings before interest, taxes, depreciation and amortization of about $13.7 billion.Distributable cash flow per share for 2020 is expected to be in a range of $4.50 to $4.80 per share.This report by The Canadian Press was first published Dec. 10, 2019.Companies in this story: (TSX:ENB)Dan Healing, The Canadian Press
CALGARY, Dec. 10, 2019 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB - News)(NYSE:ENB - News) announced its 2020 dividend and financial guidance and provided an update on its strategic priorities, which will be further discussed at the Company's investor conference today in New York. A 9.8% increase in the Company's common share dividend to $0.81/quarter ($3.24 annually), effective March 1, 2020.
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,950.85, down 46.12 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 25 cents, or 7.79 per cent, to $3.46 on 10.8 million shares.Encana Corp. (TSX:ECA). Energy. Up six cents, or 1.12 per cent, to $5.41 on 6.9 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up $3.45, or 14 per cent, to $28.17 on 6.4 million shares.Wallbridge Mining Co. Ltd. (TSX:WM). Materials. Up 4.5 cents, or 5.73 per cent, to 83 cents on 5.3 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 25 cents, or 0.49 per cent, to $51.35 on 5.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down three cents, or 0.12 per cent, to $25.42 on 5.1 million shares. Companies in the news:Canopy Growth Corp. — Canopy Growth Corp.'s appointment of a veteran Constellation Brands executive as its new chief executive gave the cannabis producer's shares a lift on Monday. The share surge came after the Smiths Falls, Ont., company announced that David Klein, the chief financial officer at Canopy's largest shareholder, will replace Mark Zekulin effective Jan. 14. Klein has been serving as chairman of the board at Canopy, which intends to appoint a new chairman once Klein takes over as CEO. He said no company is better positioned to succeed in the emerging cannabis market. Zekulin is a founding employee at Canopy and has served in a variety of roles including president, co-CEO and finally as CEO after co-founder Bruce Linton was ousted earlier this year.Transcontinental Inc. (TSX:TCL.A). Down 44 cents or 3.2 per cent to $13.10. A proposal by a Montreal municipal committee to drastically cut down on mail flyers is "insensitive, incoherent and impractical," according to the CEO of Transcontinental Inc. Francois Olivier said Monday a recommendation last week by the municipality's environmental committee to distribute the discount flyers only to residents who opt in fails to take into account Quebec consumers' needs and hands a flyer monopoly to Canada Post. The head of the packaging and printing company joined with union members and media Monday to call for further consultation with Mayor Valerie Plante.Hudson's Bay Co. (TSX:HBC). Down nine cents to $9.04. Hudson's Bay Co. minority shareholders should vote against a privatization bid led by the retailer's executive chairman, says an influential proxy advisory service that points to a rejected, higher-priced offer. Institutional Shareholder Services Inc. recommended minority shareholders vote against the Richard Baker-led bid of $10.30 per share that has received the HBC board's approval. The proxy advisory service raised several concerns about the sale process, including around disclosures and the ability for a special committee formed to review the Baker bid to consider other proposals. HBC said the ISS report is "flawed" and, among other things, misunderstands the superior proposal construct, it said.This report by The Canadian Press was first published Dec. 9, 2019.The Canadian Press
Let us take a look at Enbridge – a stock you can buy and hold in your TFSA to realistically reach the fabled $1,000,000 mark in your account.
HOUSTON , Dec. 9, 2019 /CNW/ - Enbridge Inc. (ENB)(ENB) (Enbridge) and Enterprise Products Partners L.P. (EPD) (Enterprise) announced today they have agreed to jointly develop and market a deep-water offshore crude oil export terminal capable of fully loading Very Large Crude Carriers (VLCCs). Under the terms of the Letter of Intent (LOI), Enbridge and Enterprise will work to finalize an equity participation agreement (Agreement). The Agreement would allow Enbridge an option to purchase an ownership interest in Enterprise's Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license.
Enbridge (TSX:ENB)(NYSE:ENB), Rogers Communications (TSX:RCI.B)(NYSE:RCI), and Equitable Group (TSX:EQB) are poised to grow their payouts in a big way.
Enbridge Inc. (TSX:ENB)(NYSE:ENB) stock has continued to dominate, despite its customers struggles. Find out what makes this long-term winner so special.
With a TFSA, you can build a powerful passive-income stream with Canadian stocks like Enbridge Inc. (TSX:ENB)(NYSE:ENB) and Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(NYSE:BIP).