Reported 4 months ago
Enbridge, a Canadian pipeline and utility company, has closed two out of three acquisitions of natural gas utilities from Dominion, with the final one expected to close this year. These acquisitions are seen as a once-in-a-generation opportunity by Enbridge's CEO, providing stable cash flow, earnings growth, and diversification. The company aims to benefit from incremental earnings and cash flow this year, with the full benefits expected in 2025, enhancing its dividend growth profile. Enbridge plans to invest in long-term projects to further grow its earnings, with expectations of steady growth and dividend increases in the future.
Source: YAHOO