I uncover a high-quality dividend growth stock that appears to be undervalued each week for Daily Trade Alert, which is a site that focuses on dividend growth investing, stocks, and unique investment opportunities. I’ve been writing for them for years now, and they’re just great over there. Each week, I publish an excerpt of my work, when it’s fresh off the press. That way, you readers are given the opportunity to check it out. The content is totally free. I hope you enjoy!
In my view, people automatically assume a paycheck from a day job is a secure source of income.
But with downsizing, technological changes, and growing corporations, that just isn’t the case at all.
However, I think there’s a source of income out there that’s not only more secure, but also far better across the board.
This source of income is more diverse, more safe, more robust… and it will likely grow much faster than any paycheck can/will.
I’m speaking about dividend income.
Image courtesy of: Stuart Miles at FreeDigitalPhotos.net.
Definitely agree with your pick this week. Would love to see a video breakdown on it. Love these articles. Thanks.
Shawn,
Thanks so much! Glad you’re enjoying the content. 🙂
Just finished up the first video of the month, which should go live in the next couple days. I’ll see if I can put one together on Enbridge. As a side note, I just added to my ENB position recently. A lot to like here.
Cheers!
I had bought KMI several years ago based on similar thinking – I believe you had it as well.
I still have my KMI shares and am sitting on approx 50% losses – it sounds like they may recover eventually.
How would you compare your thinking on KMI vs ENB?
Thanks much and best wishes.
Sam
Sam,
I talked a little bit about Kinder Morgan not too long ago here:
https://www.mrfreeat33.com/a-mitigated-disaster/
Kinder Morgan simply mismanaged their capital structure, at least for a time. That’s changing now. What happened with Kinder Morgan really shouldn’t have happened, but that’s a risk one takes when investing in any business. That’s probably even more true when talking about capital-intensive businesses. What’s been said about Kinder Morgan’s robust business model rang true, as their cash flow remained pretty solid through the crash. And that’s why a lot of other companies in this space (like Enbridge and ONEOK) continued to do well straight through. However, Kinder Morgan played it a little too loose, resulting in the threat to their credit, stock drop, dividend cut, etc.
Hope that helps!
Best regards.
Thanks for the response.
I see you continue to hold KMI. I agree they will likely turn around.
Cheers,
Sam
Hi there Jason. Thanks for the article. I have never really considered Enbridge but it looks like a great stock. One question. Enbridge is both listed on the NYSE and TSX. I presume the NYSE one is the way to go for americans, but what if you’re not from either the USA or Canada? Let’s say you’re from europe (like me), which would be the better exchange to buy it on, NYSE or TSX? Does it even matter?
Kind regards,
Albert
SD,
That’s a great question.
Unfortunately, I can’t offer much assistance. I’m simply not familiar with your local laws and tax regulations. That would be a question better directed toward your brokerage, since I’m sure they’d have resources that can better answer your question. My assumption is that it doesn’t matter, which means you’d probably be better served to go straight to the source (buying a Canadian stock on a Canadian exchange). But I’m not completely positive of that, as my expertise is naturally within the realm of operating as an American.
Best wishes.
Thanks for the reply, really appreciate it. Seems like dividends are declared in canadian dollars, which means they get converted to us dollars if I go for the NYSE listed stock. Might be the better choice then to buy straight from the TSX. Also gives some more currency diversification I guess (although I’m not sure if it works that way). Definitely some things to consider.
Kind regards,
Albert