On Friday May 5, I Bought 20 shares of Enbridge Inc. at CA$ 55,68 per share plus commission.
ENB is a member of Canadian Dividend All-Star List with a 21 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 14.0, 18.9 , 17.6 and 13.9.
After the latest dividend increase announcement, which was a couple of days ago, Enbridge Inc. now pays dividends of CA$ 0.61 per share normally in March, June, September and December.
If you are interested, you can read analysis of Enbridge by Jason Fieber here and by Dividend Earner here.
Details of my purchase:
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Enbridge Inc. engages in energy transportation activities
in the United States and Canada. It operates through five segments: Liquids
Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and
Transmission, and Energy Services. The Liquids Pipelines segment operates
common carrier and contract crude oil, natural gas liquids (NGL), and refined
products pipelines and terminals. The Gas Distribution segment operates as a
natural gas utility that serves residential, commercial, and industrial
customers in Central and Eastern Ontario, and Northern New York State, as well
as in Quebec and New Brunswick. The Gas Pipelines and Processing segment holds
interests in natural gas pipelines, and gathering and processing facilities,
including the Alliance pipeline and the Vector pipeline, as well as transmission
and gathering pipelines in the Gulf of Mexico; and the Aux Sable, a natural gas
fractionation and extraction facility. The Green Power and Transmission segment
engages in the renewable energy projects, such as wind, solar, and geothermal
projects with a generating capacity of approximately 1,900 megawatts; and
operates waste heat recovery facilities. The Energy Services segment provides
energy supply and marketing services to refiners, producers, and other
customers; crude oil and NGL marketing services; physical barrel marketing
services; and natural gas marketing services. This segment also provides
natural gas supply, transportation, balancing, and storage services for third
parties. The company was formerly known as IPL Energy Inc. and changed its name
to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is
headquartered in Calgary, Canada.
ENB is a member of Canadian Dividend All-Star List with a 21 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 14.0, 18.9 , 17.6 and 13.9.
After the latest dividend increase announcement, which was a couple of days ago, Enbridge Inc. now pays dividends of CA$ 0.61 per share normally in March, June, September and December.
If you are interested, you can read analysis of Enbridge by Jason Fieber here and by Dividend Earner here.
Details of my purchase:
Some ratings for ENB:
Yahoo:
Mean Recommendation 2.3, 1y Target Est CA$ 63.71
Reuters: Mean Rating 2.15
Morningstar:
(***)
At today's exchange rate, this purchase 20 shares of ENB
will increase € 24.24 (CA$ 36.36) of my expected annual net dividend income and
will increase my portfolio's projected annual net dividend income to € 10,850.00. With a purchase price CA$ 55.68 plus commission (CA$ 5.00) my starting
yield on cost is 4.36%. After this acquisition, ENB's weight of my portfolio is about 0.20%
and its share of future annual dividend income is approximately 0.22%. My purpose is slowly to build up an ENB's share of my portfolio, if the price remains at these levels.
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Full Disclosure: Long ENB
after Jasons analysis I was also thinking to jump on this train. However as recently opportunities in OHI and CAH were coming up, I first took this offer. ENB definitely remains on my watch list and may be next month I deploy some cash. Not using yet one of the super cheap broker, my purchases are seldom below the 2K EUR threshold, meaning the number of transactions is smaller
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