Where Will Enbridge Be in 1 Year?

motley fool · 2020-05-23
In a time when many energy stocks are cutting guidance, reducing spending significantly, and borrowing money to pay their dividends, it's reassuring that Enbridge is confident that its stable and diversified streams of income are strong enough to achieve the guidance it made before the onset of the COVID-19 pandemic ... Healthy dividend Although Enbridge is seeing "unprecedented reduction in North America energy demand," the company reaffirmed guidance for 2020 distributable cash flow (DCF) per share of $4.50 to $4.80 ... As far as the next year out, Enbridge seems well-positioned to generate another year of strong cash flow and reward investors with an attractive dividend yield.

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