3 Stocks to Buy With Dividend Yields of More Than 7%

Here is the article.

Here are facts:

1. $0.577 a share quarterly dividend
2. An annual dividend yield of 7.27%
3. 30% of cash flows is not related to effects caused by pandemic
4. Down about 14% this year
5. Last three years, a restructuring plan, selling assets, focusing on its core strengths, and paying down its debt

I like to consider purchase ENB.TO stock when SPX is low, like 2500

Content from the article:

The company pays $0.577 a share quarterly dividend with an annual dividend yield of 7.27%. 

Enbridge’s cash flows are well diversified across many businesses and geographies. This strength will help the utility to weather the economic downturn better than other companies. 

For instance, when the pandemic is hurting oil consumption across the board, Enbridge’s gas transmission, distribution, and storage businesses, which account for about 30% of cash flows, are not expected to experience a downturn from the pandemic. 

This stability in Enbridge’s revenue and its solid position in North America’s energy supply chain make its stock a good buy when its price is down about 14% this year.

Over the past three years, Enbridge has been carrying out a restructuring plan, selling assets, focusing on its core strengths, and paying down its debt. These measures are likely to benefit long-term investors whose aim is to earn steadily growing income.

Enbridge stock was trading around $44 a share at the time of writing.