2 Reasons You Can Trust This Dividend Stock's Nearly 8% Yield
You might have heard the wisdom that dividend stocks with really high yields can be a trap, luring in unsuspecting investors for a juicy yield on a payout the company can't afford. Eventually, it slashes the dividend, and investors get whacked by a plummeting share price.
Shareholders of retail company Foot Locker witnessed this recently. But there are exceptions to the rule, and midstream energy company Enbridge (NYSE: ENB) seems like a prime example.
Enbridge offers investors a sizable dividend yield of almost 8% at its current price. But instead of fearing a cut, here are two reasons investors should expect those huge dividends to continue.
Source Fool.com
