How Much Would You Need to Invest in Enbridge to Average $200 a Month?

A company helping deliver energy to your home can also help pay the bills.

The appealing part is getting cash without selling shares every month.

The less attractive part is building the holding first.

At the current payment and recent closing price, roughly $42,600 in one pipeline stock could produce a $200 monthly average, with the cash arriving quarterly.

Build the annual paycheque A $200 monthly average means $2,400 a year.

For a stock paying every three months, the practical target is about $600 each quarter.

I’d collect the dividends in cash and make monthly transfers from that balance, giving my spending a smoother schedule than the company’s payment calendar.

Enbridge (TSX: ENB) makes that calculation possible with a quarterly dividend of $0.97 per share.

Its annualized $3.88 payment yields about 5.6% at the recent closing price of $68.82.

That’s substantial starting income, so the next step is making sure the business has room to pay it.

Earn from the network Enbridge operates oil and natural gas pipelines, gas utilities, and other energy infrastructure.

Much of its earnings relies on regulated returns or contracted service, giving it a different relationship with oil prices from a producer selling the commodity.

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