I recently wrote an article on Seeking Alpha analyzing the Canadian midstream company, Enbridge Inc (ENB).
The company has a 6.4% dividend yield, 23 years of consecutive annual dividend growth, with expected 10% annual dividend growth through 2020.
They’ve significantly de-leveraged their balance sheet over the past three years, expanded into natural gas, and shifted towards a more self-funding business model rather than being reliant on external capital.
Morningstar estimates the fair value at $47, compared to the current USD price in the low $30’s. I’m not sure I’d go that high, but I do think the company is a great value at the current price as part of a diversified portfolio.
You can check the article out here.