I've been keeping an eye on Enbridge Inc. (TSE:ENB) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe ENB has a lot to offer. Basically, it is a well-regarded dividend-paying company with an impressive history of delivering benchmark-beating performance. Below, I've touched on some key aspects you should know on a high level. For those interested in digging a bit deeper into my commentary, take a look at the report on Enbridge here.
Proven track record average dividend payer
ENB delivered a bottom-line expansion of 86% in the prior year, with its most recent earnings level surpassing its average level over the last five years. Not only did ENB outperformed its past performance, its growth also exceeded the Oil and Gas industry expansion, which generated a 39% earnings growth. This is an optimistic signal for the future.
ENB’s reputation for being one of the best dividend payers in the market is supported by the fact that it has been steadily growing its dividend payments over the past ten years and currently is one of the top yielding companies on the markets, at 6.7%.
For Enbridge, I've compiled three pertinent aspects you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for ENB’s future growth? Take a look at our free research report of analyst consensus for ENB’s outlook.
- Financial Health: Are ENB’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ENB? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.