Wednesday, November 13, 2013

Bought: Enbridge Income Fund ("ENF")

It's a good day to be a dividend growth investor. Despite a recent announcement that they were increasing their distribution by 3%, Enbridge Income Fund ("ENF") was down this morning, allowing me to double my position. I used to the proceeds of my sale of SNC to invest in a company paying a 6% dividend yield, and a history of growing that yield. Now I won't feel so bad about paying my monthly gas bill, knowing my shares in Enbridge Inc. (which usually raises their dividend in December), ENF, and Inter Pipeline Ltd (recently boosted its dividend by 13%) all pay me an increasing distribution each year just for holding their stock.

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