Reported about 2 months ago
Enbridge's stock is highly appealing for income investors due to its impressive 6.9% dividend yield, which significantly outperforms both the broader market and the energy sector. The company boasts a strong financial foundation, having increased its dividend for 29 consecutive years, while its diversified business model includes stable cash flow-generating assets from oil and natural gas pipelines, as well as a transition towards cleaner energy sources. These factors combined make Enbridge a strong contender for long-term investment.
Source: YAHOO