Enbridge: The Rate Scare Put This 5.77% Dividend Yield On Sale

Enbridge remains fundamentally strong, with a $41 billion secured backlog and reaffirmed 2026 guidance despite recent rate-driven selloff. ENB delivered Q2 adjusted EBITDA of $4.78 billion and distributable cash flow of $2.9 billion, supporting its 31st consecutive annual dividend increase. ENB is well-positioned for long-term growth as North American energy demand rises, with $50 billion in organic growth opportunities through 2030. Shares yield 5.77%, trade at 11.5x DCF, and appear undervalued given robust demand, dividend growth, and resilient cash flows.

On September 16th the Federal Reserve did something it hasn't done since 2023 and raised the Federal Funds rate by 25 basis points to a range of 3.75% to 4.00%. Chair Kevin Warsh pointed to oil above $100