Enbridge has a 70-year dividend track record and has raised its payout for 30 straight years. Their low-risk business model means cash flow is stable—even through recessions. The company pays out around 60-70% of cash flow as dividends, leaving billions to invest in expansion and acquisitions. With a CA$32B project backlog and more future investments planned, Enbridge expects 3% annual cash flow growth through next year and 5% after 2026, supporting further dividend hikes. The recent $14B purchase of US gas utilities shows they’re not slowing down. This dividend stock seems set for more increases ahead.