Q: Is the dividend reasonably safe? What is the payout ratio?
5i Research Answer:
No dividend is guaranteed, but we would consider ENB's to be very secure. 12 month payout ratio is 63%. Enbridge Inc. has never cut its dividend in its public history stretching over 70 years; the company has consistently paid and increased its dividend annually, including periods of industry and market stress. Their dividend policy highlights a compound annual growth rate of approximately 9% over the past 30 years, with incremental annual raises nearly every year.