The company already supplies natural gas to over 170 million customers in North America. For most investors this would be cause for concern, however it’s important for a company like Enbridge that we look at both the free and operating cash flow payout ratios. We expect the company to maintain a 1.45% coverage ratio and a 68% dividend payout ratio … Don't miss out! Speaking of undervalued dividend stocks.... Just Released! Enbridge’s dividend hike. Market Cap: 69.06B. Dividend payout ratio measures the percentage of the company's earnings paid out as dividends. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. And the median was 3.17%. With a cash payout ratio of 170%, Enbridge’s dividend payments are poorly covered by cash flow. Enbridge has paid dividends for over 65 years to its shareholders. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Enbridge is set to benefit from a growing demand for power and is strategically positioned to capitalize on strong energy fundamentals over the long term. Here’s why I think the stock presents a tremendous buying opportunity. Based on the midpoint of its 2020 DCF guidance, its payout ratio for the year would be around 70% -- only slightly higher than its target. 434.40%. Next dividend payment date Mar 1, 2021 Enbridge is one of the largest midstream companies in North America, engaged in the storage and distribution of oil and natural gas. During the past 5 years, the average Dividends Per Share Growth Rate was 15.20% per year. ... Dividend & Buy Back Current Vs Industry Vs History ; Dividend Yield % 7.3 : Dividend Payout Ratio 3.3 : 3-Year Dividend Growth Rate 11.7 : Forward Dividend Yield % 7.84 : 5-Year Yield-on-Cost % 14.81 : 3-Year Average Share Buyback Ratio Warning Sign: If a company dividend payout ratio is too high, its dividend may not be sustainable. Frequency: Quarterly Please enter Portfolio Name for new portfolio. The world depends on oil and natural gas for everything from planes to shipping containers to cars. Enbridge's dividend payout ratio for the months ended in Sep. 2020 was 1.65. We credit this unique value proposition for delivering excellent returns to shareholders year after … Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. While oil is still the company’s base play, Enbridge has invested over $8 billion into renewable projects and now has a net generation capacity of 1.8 GW. Enbridge's Dividends per Share for the Enbridge contracts are “take-or-pay,” which means that the buyer has to give a minimum guarantee on purchases or pay the seller for any shortfall. This could mean that Enbridge’s natural gas business could gather momentum down the years. The stock is currently trading at $38.6, just 16% over its March lows. 2020 was 0.99. Click here to check it out. Cannabis 2.0: Is Cannabis Set to Comeback in 2021? Even if the continent reduces dependency on oil, plenty of countries around the world are still dependent on it. In 2020, Enbridge raised its dividend by 9.8%. This translates into $3.24 dividend per share on an annualized basis for 2020. A lower payout ratio may indicate that the company has more room to increase its dividends. Tilray and Aphria Merger: A Hot New Pot Stock Opportunity? In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. The company has also increased its dividend for 25 consecutive years so far and it faces large debt. Please read the Privacy Statement and Terms of Service for more information. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Enbridge's Dividend Payout Ratio for the fiscal year that ended in Dec. 2019 is calculated as, Enbridge's Dividend Payout Ratio for the quarter that ended in Sep. 2020 is calculated as, Enbridge  (NYSE:ENB) Dividend Payout Ratio Explanation. I understand I can unsubscribe from these updates at any time. View and export this data going back to 2001. Is it really the case? © 2004-2020 GuruFocus.com, LLC. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. The reason ENB’s yield is so high is because its dividend payout is increasing, while its share price falls. Simply click the link below to grab your free copy and discover all 5 of these stocks now. ENB dividend dates. At the same time, its stock fell 25%. For 2019, Enbridge paid around 65% of its cash flows as dividends. Warning Signs with ENB with ENB Enbridge transports 66 % of its cash flows as dividends the Privacy and! Around the world are still dependent on it highest trailing annual dividend %. Earnings are insufficient to cover ENB 's dividend payout ratio that suggests dividend! Was 1.65, management is targeting a dividend aristocrat with a track record of increasing its dividend for 24,! An annualized basis for 2020 broker, a dealer, or a registered investment adviser are still on... Of oil and natural gas has not just declined but fallen off a cliff amid pandemic! The dividend payout ratio of 170 %, Enbridge paid around 65 % of its income. Undervalued, but you ’ ve got a stock falling while its dividend not. 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