Q: Good day!
I am looking at ENF (Enbridge Income Fund) and/or AQN (Algonquin Power and Utilities)for a position or a split position (both?) I prefer ENF for the higher div and seemingly similar growth paths (or maybe a bit better?), but I do own PPL (a full position) and see the overlap with Enbridge for pipelines. Would appreciate advice as to which I should choose for (primarily)income, and also some downside dividend protection against market correction and also - for the complete wish list - a chance for reasonable growth.
If you wish, I would appreciate any alternative choice(s) in a reasonable dividend-paying utility.
Thanks!
I am looking at ENF (Enbridge Income Fund) and/or AQN (Algonquin Power and Utilities)for a position or a split position (both?) I prefer ENF for the higher div and seemingly similar growth paths (or maybe a bit better?), but I do own PPL (a full position) and see the overlap with Enbridge for pipelines. Would appreciate advice as to which I should choose for (primarily)income, and also some downside dividend protection against market correction and also - for the complete wish list - a chance for reasonable growth.
If you wish, I would appreciate any alternative choice(s) in a reasonable dividend-paying utility.
Thanks!