Enbridge: A High-Yield Energy Stock with Enduring Appeal
Enbridge (ENB 0.98%) stands out as a Core holding in the energy sector, offering a compelling 5.8% dividend yield backed by a diversified business model. The stock's allure extends beyond its yield, anchored by a 30-year track record of consistent dividend growth in Canadian dollars. Such longevity signals reliability—a rare trait in today's volatile markets.
Financial resilience underpins Enbridge's appeal. With an investment-grade credit rating, the company maintains access to affordable capital while demonstrating balance sheet strength. This contrasts sharply with the S&P 500's meager 1.2% yield and the energy sector's average 3.3% payout. For income-focused investors, these metrics create a compelling value proposition.