Canadian Energy Co Enbridge’s Vast Potential
Avi Morris submits:
Investors looking for a quality company should take a look at Enbridge Inc (ENB), a Canadian energy company with a long and impressive track record of growth. The company has paid a dividend every year since 1953 which has been raised annually since 1995. The dividend of CAN$.50 in 1995 has been increased to an annual rate of CAN$1.70 in 2010 (the current dividend is shown as US$1.59 at Yahoo).
As a Canadian company, their government takes 15% of the dividend from foreign (U.S.) investors. Enbridge projects 10% annual growth for dividends in the coming years. Its business divisions are in liquid (petroleum) pipelines, natural gas and green energy (i.e. wind mills, etc.).
Investing, Long Term Investment, stock market | admin February 16, 2010
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