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  5. ENB: I have Fiera in my RRIF and while it pays a great dividend it has not grown. [Enbridge Inc.]
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Investment Q&A

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Q: I have Fiera in my RRIF and while it pays a great dividend it has not grown. Enbridge on the other hand has also a good dividend and has grown. I currently own 3 banks and Pembina pipeline. How would you compare from a risk perspective and would consider this a good alternative. Other recommendations would be appreciated. I am a dividend moderate growth retired investor.

Wayne

Asked by Wayne on December 22, 2021
5i Research Answer:

With its massively larger size and cash flow, we would consider ENB less risky than FSZ, generally speaking. ENB's fortunes are tied more to energy volume than prices, but its stock does tend to react to energy cycles more than it really should. But its dividend growth record is solid. It may trade similarly to PPL, however. We would be OK with a switch but we might also suggest some exposure to other sectors, such as TRI, NTR or MG.