Tag Archives: NYSE:ENB

4 Stocks for Safe Dividend Income

Generally, dividend-growth stocks are a conservative way to invest in the stock market. Typically, they’re mature companies that generate sufficient earnings or cash flows to pay a generous dividend and maintain and grow the business.

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This Telecom offers a growing dividend

It’s been a long time since TELUS (TSX:T)(NYSE:TU), the third-largest Canadian telecom has hit my minimum yield target of 4.7%.

The dividend is safe, and the stock is reasonably valued — not a bargain and not excessively expensive. At ~CAD$46 per share, TELUS trades at a P/E of ~16, while it’s estimated to increase its earnings per share (“EPS”) by 6.5-7.1% per year over the next 3-5 years.

Source: FAST Graphs

At current levels, TELUS can deliver 8-11% per year on average over 3-5 years.

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An Undervalued Dividend-Growth Star with a Decent Yield

This first appeared as 1 of 7 top Canadian dividend ideas for September 2017 in the Seeking Alpha Marketplace service DGI Across North America.

If you’re looking for one energy stock to invest in that “has it all”, it’d be Enbridge Inc. (TSX:ENB)(NYSE:ENB). As an energy infrastructure company, it is a safer investment than oil & gas producers. Moreover, it’s a leader in its space.

oil pipeline

A Diversified Portfolio

Enbridge transports 28% of the crude oil produced in North America, including nearly 100 commodities or refined products.

Enbridge also gathers, transports, processes, stores, and distributes natural gas. So, it plays a key role in North America’s transition from coal to cleaner energy — natural gas and renewable energy.

Since 2002 the company has begun investing in renewable energy with a primary focus on wind generation.

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