Enbridge: A Top Dividend Stock with Strong Growth Potential

Reported 2 months ago

Enbridge Inc. (NYSE: ENB), North America’s largest energy infrastructure operator, offers a robust dividend yield of approximately 7% and has strong growth prospects driven by strategic utility acquisitions and a substantial project backlog. The company has consistently increased its dividends for 29 years, underpinned by a solid business model that enhances cash flow stability. With ongoing investments and expansions, Enbridge is positioned to achieve annualized total returns of 10% to 12% in the coming years, making it an attractive choice for income-focused investors.

Source: YAHOO

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