Trade TRP for ENB?

0
0

I have a significant holding in TRP.TO.  I’m contemplating switching it for ENB.TO.  Do you have any concerns about that?

Marked as spam
Asked on April 27, 2020 1:11 pm
2 views
0
Private answer

If you're swapping exclusively for yield, I wouldn't see any issues with it. I would never swap exclusively for yield. But ultimately, choice us up to you.

In my opinion, both dividends are stable, but Enbridge's dividend from a yield and growth standpoint is better by quite a bit. Although, from a dividend coverage ratio, TRP's dividend is in a better position.

Keep in mind though, compound annual growth rate over the last 5 years for TRP's stock price is around 3.58%. ENB is -5.85%.

TRP has been the better overall performer over the last 5 years.

Marked as spam
Posted by Dan Kent
Answered on April 29, 2020 9:27 am
0
Private answer

Hey Dan. Personally, I own both, and both are great companies.

May I ask why you're looking to switch? That would help me answer your question and bring up any pros/cons. As of right now with me not knowing why you want to make the switch, it's hard for me to highlight any.

Marked as spam
Posted by Dan Kent
Answered on April 28, 2020 8:23 am