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Can Enbridge Support Its Dividend?

·3 min read
Can Enbridge Support Its Dividend?
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Enbridge (NYSE: ENB) is offering a sizable 6.7% dividend yield today. The dividend has been increased annually for 27 consecutive years, putting the company in the Dividend Aristocrat space. The core of Enbridge's business is its oil and natural gas pipelines, which make up 58% and 26% of earnings before interest, taxes, depreciation, and amortization (EBITDA), respectively.