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Stock analysis: Enbridge moves up the scoreboard to become a top-ranking dividend payer

The Enbridge Tower is pictured on Jasper Avenue in Edmonton Aug. 4, 2012.

DAN RIEDLHUBER/REUTERS

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries.

Enbridge Inc. is a favourite of Canadian income investors. It has raised its dividend at a 13.6 per cent annual rate over the past five years, and more are expected to be on the way. But despite strong growth prospects, the stock is off around 10 per cent from a 52-week high of $49.17 in May.

Does that mean this is an ideal time for investors to load up on the stock?

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This report provides a detailed analysis that investors may want to review before buying or selling the stock.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Enbridge's score rose from 7 to 9 on Oct. 13, which now places it within the top 15 per cent of stocks scored.

Read more in this comprehensive report.

Read other reports here.

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