Q: Hi 5i
These are held primarily for dividends and (expectations of) some growth. Would you keep both for their different growth drivers and dividends or lean towards ENB being larger/safer at this time?
Thanks
These are held primarily for dividends and (expectations of) some growth. Would you keep both for their different growth drivers and dividends or lean towards ENB being larger/safer at this time?
Thanks
5i Research Answer:
PSI is much smaller and riskier, and if only one is to be held we would certainly side with ENB. PSI is debt free with some cash, but it did cut its dividend in 2020 and it is not back to prior levels yet (was 19c, cut to 5c, now 13c). We would consider it OK but not a must-own stock and not a high growth stock either.