This 6.5%-Yielding Dividend Stock Continues to Add to its Massive Growth Backlog and Has Plenty More Growth Coming Down the Pipeline
Enbridge (NYSE: ENB) offers investors a monster income stream. The Canadian pipeline and utility currently yields 6.5%, which is several times higher than the S&P 500's 1.3% yield. That lucrative income stream is only part of the draw. Enbridge also has a massive backlog of expansion projects to fuel its growth for several years. Add that growth to its income stream, and Enbridge could produce a powerful total return in the coming years, making it a great long-term investment opportunity.Enbridge recently updated investors on its growth prospects. The energy infrastructure giant noted that it has now secured $20 billion (in U.S. dollars) of expansion projects after recently adding another $1.7 billion in accretive new investments. Those latest additions are: Continue reading
Enbridge (NYSE: ENB) offers investors a monster income stream. The Canadian pipeline and utility currently yields 6.5%, which is several times higher than the S&P 500's 1.3% yield.
That lucrative income stream is only part of the draw. Enbridge also has a massive backlog of expansion projects to fuel its growth for several years. Add that growth to its income stream, and Enbridge could produce a powerful total return in the coming years, making it a great long-term investment opportunity.
Enbridge recently updated investors on its growth prospects. The energy infrastructure giant noted that it has now secured $20 billion (in U.S. dollars) of expansion projects after recently adding another $1.7 billion in accretive new investments. Those latest additions are:
