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Yuvi.
$ENB
Enbridge的分红稳定性，应该只看收益率吗？
公开日历将Enbridge列入11月6日财报窗口。管道资产的防守性来自合同与现金流，分红收益率本身不能证明支付能力。债务到期、增长投资和分配覆盖同样重要。
若可分配现金持续覆盖分红且融资安排稳健，回报基础较好；若增长主要依赖更高杠杆，表面高收益可能包含风险补偿。
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