ENB dividend yield: 9.58%. PM dividend yield: 4.27%. Enbridge is Canada's largest energy infrastructure company, operating the world's longest crude oil and liquids transportation system. Its pipeline network moves ~30% of North American crude oil production. 29+ consecutive years of dividend growth. Long-term take-or-pay contracts provide cash flow visibility for years ahead. Philip Morris International operates outside the US with an accelerating shift to smoke-free products. IQOS heated tobacco and ZYN nicotine pouches now represent 40%+ of revenue. PM has raised its dividend 16+ consecutive years since spinning off from Altria in 2008. The company targets $15B+ in smoke-free revenues by 2030.
Enbridge is Canada's largest energy infrastructure company, operating the world's longest crude oil and liquids transportation system. Its pipeline network moves ~30% of North American crude oil production. 29+ consecutive years of dividend growth. Long-term take-or-pay contracts provide cash flow visibility for years ahead.
Philip Morris International operates outside the US with an accelerating shift to smoke-free products. IQOS heated tobacco and ZYN nicotine pouches now represent 40%+ of revenue. PM has raised its dividend 16+ consecutive years since spinning off from Altria in 2008. The company targets $15B+ in smoke-free revenues by 2030.
ENB currently offers a 9.58% yield (3.66/share/year) while PM offers 4.27% (5.40/share/year). ENB provides higher current income. However, ENB has grown its dividend faster (5.5% 5Y CAGR), which may lead to better long-term income through compounding.
How much would $10,000 in ENB vs PM earn per year?
With $10,000 invested today: ENB pays approximately $958/year. PM pays approximately $427/year. With DRIP reinvestment over 10 years, these grow to $4,487/year (ENB) and $722/year (PM).
Does ENB or PM pay monthly dividends?
ENB pays quarterly dividends. PM pays quarterly dividends. Neither pay monthly — both use a quarterly schedule, which is preferred by investors who need regular cash flow.
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