ENB Dividend

Enbridge, Inc dividend

Although ENB has a dividend of 0.55 with an ex-dividend date of May 14, you can sell covered calls on Enbridge, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Enbridge, Inc (ENB)
Bid Ask Last Change Volume P/E Market Cap
37.79 37.86 37.83 +0.16 3.4M 35 76B

ENB Dividend-Like Income Using Covered Calls

With ENB at 37.83, here's a table showing how big the annual "dividend" (ie. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 1.13 0.3
5% 1.89 0.5
10% 3.78 1.0

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On ENB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 18 40.00 0.65 178 0.4 2.14 (5.7%)
Jan 17 40.00 1.00 269 0.4 2.14 (5.7%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.GRUB dividend
2.COTY dividend 7.BAC dividend   2.TSLA dividend
3.EEM dividend 8.EWZ dividend   3.JNPR dividend
4.FXI dividend 9.XOP dividend   4.CLF dividend
5.SPX dividend 10.XLF dividend   5.FCX dividend

Want more examples? EMTY Dividend | ENBL Dividend