This 6.5%-Yielding Stock Has Paid Dividends for Nearly 70 Years and Has Plenty of Fuel to Continue Paying Them

Enbridge (NYSE: ENB) is one of the most durable dividend stocks in the energy sector. The Canadian pipeline and utility company has paid dividends to its investors for more than 69 years. It has increased its payment for the last 29 years in a row. That's impressive, considering all the volatility in the energy sector over the years. The energy company has plenty of fuel to continue paying dividends. With a dividend yield above 6.5% and more growth ahead, it's an excellent option for those seeking a very bankable income stream.Enbridge has four core franchises: liquids pipelines, making up 50% of its adjusted EBITDA; gas transmission and midstream, 25%; gas distribution and storage, 22%; and renewable power, 3%. They provide the company with very predictable earnings backed by cost-of-service agreements and long-term contracts, accounting in total for 98% of its EBITDA. That predictability has been on full display over the last 18 years. Enbridge has achieved its financial guidance each year despite two major recessions and two additional periods of oil market turbulence. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool