Reported about 4 hours ago
Enbridge, a Canadian pipeline and utility company, has a durable business model that supports its high-yielding dividend, which currently stands at 5.8%. With over 70 years of consistent dividend payments and a strong financial profile, the company is well-positioned for future growth, holding a backlog of $32 billion in secured projects and exploring an additional $50 billion in potential investments. This stability and ongoing expansion lead to expectations of continued dividend growth, prompting further investments in Enbridge.
Source: YAHOO