Good time to buy more Enbridge

Enbridge, like all high-yielding utility stocks, has struggled in the past year as rising interest rates increase the appeal of competing bonds. Higher interest rates also make it more expensive for the company to make acquisitions and fund new growth projects.
However, Enbridge’s rate-regulated operations give… Read More

Six Canadian and U.S. ETFs: 5 buys, 1 hold

The major Canadian and U.S. stock markets, while still subject to volatility, continue to offer attractive returns for investors—especially if you buy the top stocks. All in all, we think that if you can afford to stay in the market for several years or longer,… Read More

Big buy for Enbridge

ENBRIDGE, $43.12, is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.1 billion; Market cap: $91.4 billion; TSINetwork Rating: Above Average; Dividend yield: 8.2%; www.enbridge.com) is now buying three regulated gas utility firms from Dominion Energy, Inc. (New York symbol D). Together, the three businesses serve about… Read More

Their new assets will lead to higher dividends

These two utility firms continue to add regulated pipelines and power plants. Those new assets will give them more cash flow to keep raising their dividends.
ENBRIDGE INC. $45 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares o/s: 2.0 billion; Market cap:… Read More

Q: Pat: I am looking for your advice on the iShares S&P/TSX Composite High Dividend Index ETF. Thanks.

A: The iShares S&P/TSX Composite High Dividend Index ETF, $24.44, symbol XEI on Toronto (Units outstanding: 58.7 million; Market cap: $1.4 billion; www.blackrock.com/ca), aims to track the S&P/TSX Composite High Dividend Index, which effectively holds the 75 highest-yielding Canadian stocks.

The index is market-capitalization weighted, with… Read More