Ambrose O’Callaghan | February 22, 2021 | Find out more: ENB SU ENB SU

Some analysts and economists are starting to warn the state of the markets at the end of February The post-crash momentum of March 2020 has been holding for almost a year at the time of this writing Meanwhile, we’ve seen speculation run wild in the scorching cryptocurrency space Investors need to be extremely careful in this environment Today I want to look at two heavy dividend-paying stocks you can do long-term confidence Let’s dive into

Enbridge (TSX: ENB) (NYSE: ENB) is the first heavy dividend-paying stock I want to review today It is one of the largest stocks by market capitalization on the TSX In November 2020, I had explained why investors can trust Enbridge for the long term Shares of this dividend have climbed 94% in 2021 so far

Largest energy company released its latest batch of 2020 results on February 12 GAAP full-year profit stood at $ 3.0 billion or $ 1.48 per share – down from $ 5 billion or $ 2.64 per share, prior year Adjusted EBITDA remained stable year-over-year at $ 13.3 billion Meanwhile Distributable Cash Flow (DCF) increased to $ 9.4 billion versus $ 9 billion the previous year

For the last time, the shares of this dividend-paying stock had a price-to-earnings ratio of 30 and a price-to-book value (P / B) of 16 This puts Enbridge in favorable value territory relative to its industry peers Plus Enbridge is offering a quarterly dividend of $ 0 835 per share This is a tasty 7 6% yield This is a top dividing stock you can trust in an overheated market

Suncor (TSX: SU) (NYSE: SU) is another Canadian energy giant This dividend-paying stock also has one of the largest market caps on the TSX Its shares have climbed 12% in 2021 until ‘by now I had suggested TFSA investors get Suncor earlier this month

The company released its fourth quarter and full year 2020 results on February 3 Funds from operations hit $ 1.22 billion, or $ 0.80 per share – down from $ 1.16 billion, or $ 76 per share , in the previous quarter However, FFOs were further reduced by more than half as of the fourth quarter of 2019 Total upstream production decreased slightly from the previous year Meanwhile, synthetic crude oil production recorded a strong increase

Suncor faced enormous challenges in 2020 in the face of pandemic Oil and gas prices have been hammered due to falling demand However, these prices have seen a slight recovery in recent months C ‘ good news for this top-dividing stock Suncor faces a new set of challenges as the Biden administration has dealt brutal blows to Canada’s energy sector

Suncor shares last had a strong P / B value of a Suncor last paid a quarterly dividend of $ 021 per share, which is a 3Return 5%

Motley Fool Chief Canadian Investment Advisor Iain Butler and his team of Canadian Advisor just revealed what they believe are the 10 best stocks investors can buy right now and Suncor Energy does was not part of it

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Mad contributor Ambrose O’Callaghan has no position in any of the stocks mentioned The Motley Fool owns stock and recommends Enbridge

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Suncor share, enbridge share

World news – CA – 2 heavy dividend stocks to keep forever