South Bow: High-Yield Dividend, Deleveraging, and Blackrod Catalysts

South Bow balances high-yield dividend with deleveraging and Blackrod catalysts. The company maintains a strong cash flow to support its dividend and works to protect its investment-grade credit rating. The Blackrod Project's completion and potential pipeline constraints in Western Canada will be key catalysts to monitor. Investors should watch how South Bow sequences debt reduction with capital spending and dividend sustainability as these triggers unfold.