Recent Buy: Enbridge Inc. (ENB)

ID-100426334-300x300 Recent Buy: Enbridge Inc. (ENB)I added a new position to my portfolio with the purchase of Enbridge Inc. (ENB)

52 shares @ $30.61 on 4/3/2018.

This increases my forward 12-month dividend income by $108.68 to a total of $5,304.42

I also updated my portfolio page to reflect the change.

 

 

 

My Thoughts

A dividend growth stock that has been increasing dividend for 22 consecutive years. A company that currently has a dividend yield of 6.48%. The last increase was 10% and the company announced 10% or greater dividend increase for the next three years.

Sign me UP!!!

This is exactly what you get when purchasing shares of Enbridge. This company has been increasing dividend for 22 straight years. It has a 5-year dividend growth rate of 10.5%. Like I mentioned above, the most recent increase was 10%. The best part of all this is that the company currently has a dividend payout ratio of only 56% based on 2017 Operating cash flow.

Enbridge is a Canadian multinational energy transportation company that operates the world’s longest crude oil and liquids transportation system, with significant natural gas gathering, transmission, and midstream businesses. It has been in business since 1949.

CFRA expects earning growth of 7% for the next three years. The 5-year PE average is 64.93 and it currently has a PE of 24.41 with a forward PE of 17.44.

All the reason mentioned above is the exact reason why I will be buying more shares later this week.

ENB is undervalued, and I recommend it a BUY at this time. I have a fair price of $44.92 for the company.

Screen-Shot-2018-04-10-at-8.00.41-PM Recent Buy: Enbridge Inc. (ENB)Source: Fastgraphs.com

 

What do you think of the company? Plan on owning it? or why not?

 

Thanks for reading, and don’t forget to connect with me.

 

Image by Sira Anamwong at FreeDigitalPhotos.net

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