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

Core Viewpoint - The implementation of tariffs on Canadian energy imports by the U.S. government may raise concerns among investors regarding the impact on Canadian companies like Enbridge, but the company appears confident in its ability to manage the situation and continue rewarding shareholders with dividends [1][6][9]. Company Overview - Enbridge is a diversified energy company based in Calgary, Alberta, offering a high dividend yield of 6.1% as of recent prices [2]. - The company has increased its quarterly dividend by 3% to $0.9425 per share, marking 30 consecutive years of dividend increases [3]. Dividend Performance - Enbridge's recent 3$3.77 per share in 2025 [4]. - Since 2020, Enbridge has returned $35 billion to shareholders and anticipates returning$40 billion to $45 billion over the next five years [5]. Impact of Tariffs - Enbridge's operations are crucial for U.S. oil imports, accounting for 65% of Canadian oil exports to the U.S. and 40% of U.S. oil imports, raising concerns about the potential impact of tariffs on its financials [6]. - However, company management, including CEO Greg Ebel, has expressed confidence that the tariffs will not significantly disrupt capital allocation or oil pipeline volumes [7]. Future Outlook - Despite initial concerns regarding the tariffs, Enbridge's business model remains robust, with over 95% of its customers rated as having investment-grade balance sheets and 80% of EBITDA generated from inflation-protected assets [8]. - Investors are encouraged to maintain their positions in Enbridge stock, as the company's fundamentals remain strong despite the tariff implementation [9].