Image source: Getty Images
Enbridge (TSX:ENB) and Canadian Utilities (TSX:CU) are two of Canada’s favourite dividend stocks. One is a pipeline company that also operates as a natural gas utility; the other is a pure-play utility. As is typical for the industries these companies operate in, both Enbridge and Canadian Utilities have high yields: 7.8% for ENB and 6% for CU. Both of these yields are very high, so if you’re looking for income, these stocks would be a place to start exploring. However, both stocks are subject to various risks that could result in shareholders not actually receiving the dividend income they expect.
In this article, I will explore the various risks that ENB and CU are exposed to, as well as their respective merits, so you can decide which stock is right for your portfolio.
The case for Enbridge
A case for Enbridge can be built on the fact that the company is indispensable to North America’s…
