Here is the article.
One stock that is frequently thrown around in financial discussions is Enbridge (TSX:ENB)(NYSE:ENB). Admittedly, it is currently listed as a Canadian Dividend Aristocrat, which speaks to its ability to raise dividends year after year. However, this will change soon.
Enbridge currently has a forward dividend yield of 7.94%. This is very enticing to dividend investors. However, a quick look tells us that its payout ratio is 329.36%. That is incredibly unsustainable. Because of the tough economic conditions, Enbridge had to cut its dividend. After the cut, its new five-year dividend growth rate plummeted to -2.76%. Not only is its dividend plummeting, Enbridge stock has returned a loss of -20.29% over the past five years, as of this writing.
None of this points to a promising future, yet it remains one of the big stocks among retail investors.
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