Ambrose O’Callaghan | 22nd February 2021 | More on: ENB SU ENB SU

Some analysts and economists are warning of the market condition in late February, the momentum after the March 2020 crash lasted for almost a year at the time of this writing.In the meantime, we’ve seen speculation in the glowing cryptocurrency space, investors need to be extremely careful in this environment today I’m looking at two heavyweight dividend stocks that you can trust over the long term let’s dive in

Enbridge (TSX: ENB) (NYSE: ENB) is the first heavyweight dividend stock I want to look at today.This is one of the largest stocks by market cap on the TSX Back in November 2020, I had explained why investors will be Enbridge for long Point of View Can Trust Shares in this dividend stock are up 9% so far in 2021

The top energy company announced on 12 February 2020 final results released for 2020 GAAP earnings for the full year were $ 3.0 billion, or $ 148 per share – from $ 53 billion, or $ 264 per share, in the prior year Adjusted EBITDA was flat year over year and was at $ 13 billion Distributable Cash Flow (DCF) increased to $ 9 billion from $ 9 billion last year

The shares in this dividend stock last had a price-to-earnings ratio of 30 and a price-to-book (P / B) value of 16, which puts Enbridge in a cheap price range compared to its industry peers. In addition, Enbridge offers a quarterly dividend of $ 0835 per share that’s a yummy 76% yield. This is a top dividend stock to trust in an overheated market

Suncor (TSX: SU) (NYSE: SU) is another Canadian energy giant.This dividend stock also features one of the larger market caps on the TSX.Its shares are up 12% so far in 2021, as suggested by TFSA investors, Suncor To buy earlier this month

On March 3, the company Its results for the fourth quarter and full year 2020 were released on February 4, with funds from operations totaling $ 1.222 billion, or $ 0.80 per share – up from $ 1.16 billion, or $ 0.76 per share, in the previous quarter, but the FFO was still up from Q4 2019 more than halved Total upstream production was down slightly compared to the previous year. The production of synthetic crude oil has meanwhile recorded a solid increase

Suncor faced major challenges in 2020 amid the pandemic Oil and gas prices have been hammered due to falling demand, but these prices have rebounded slightly in recent months, which is good news for this top dividend stock Suncor is facing new challenges since The Biden government has dealt some brutal blows to Canada’s energy sector

Suncor shares last had a solid P / B value of one. Suncor most recently paid a quarterly dividend of $ 021 per share, which equates to a 3.5% yield

Motley Fool Canadian Chief Investment Advisor Iain Butler and his team at Stock Advisor Canada just revealed what they think are the 10 best stocks investors can buy right now and Suncor Energy was not one of them

Motley Fool Stock Advisor Canada, the online investment service they have been running since 2013, has beaten the stock market more than three times, and right now they think there are 10 stocks that are better to buy

Ambrose O’Callaghan, a fool, has no position in any of the stocks mentioned. The Motley Fool owns shares in and recommends Enbridge

Iain Butler and the Stock Advisor Canada team only release their new “purchase notifications” twice a month and for a strictly small group


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Suncor Stock, Enbridge Stock

World News – CA – Hold 2 heavyweight dividend stocks forever