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When it comes to dividend stocks, one cannot help but come back to Enbridge (TSX:ENB) again and again. The pipeline company has a long and storied history as a dividend producer. And yet, the future of that dividend has been looking a little shaky as of late.
That’s especially as shares of Enbridge stock haven’t performed as well as investors had hoped. The company continues to trade under $50 per share, where it has remained for about six years. So, is there going to be a recovery? Let’s consider three things every smart investor should know.
The dividend
Of course, we cannot move forward without talking about this company’s dividend. Currently, Enbridge stock offers a dividend yield at a whopping 7.84%. This is significantly higher than the average on the TSX today, coming to $3.66 per share annually.
What’s more, the dividend has increased steadily, boasting a 27-year history of increasing…
