President Trump's Tariffs Are Here. Is Enbridge's Ultra-High-Yield Dividend in Jeopardy?

After much debate about whether tariffs would actually be imposed, President Donald Trump has officially implemented them on goods from Canada and Mexico. Dividend investors might be wondering how these tariffs will affect Canadian companies that have significant U.S. operations. As announced Tuesday, energy imports from the Great White North are subject to a charge of 10%.Enbridge (NYSE: ENB), a diversified energy company headquartered in Calgary, Alberta, is likely drawing considerable investor attention -- especially with respect to its stock's ultra-high-yield dividend, which provides a 6.1% dividend yield at Tuesday's prices.Enbridge's generous yield isn't the only factor that makes the pipeline stock an alluring option for those looking to pump ample passive income into their portfolios. In December, the company announced a 3% increase to its quarterly dividend to $0.9425 per share, or $3.77 annualized. As a result of this hike, Enbridge has now raised its dividend for 30 consecutive years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool