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@kewur 3 months ago

Enbridge keeps expanding with fresh projects and continues its long dividend growth streak

Enbridge keeps expanding with fresh projects and continues its long dividend growth streak

Enbridge (ENB) just added billions more to its growth pipeline, approving multiple new expansion projects in oil, gas, carbon capture, and renewables. They've grown their total project backlog this year, providing solid cash flow and supporting their 30-year streak of dividend increases (now yielding 5.7%). The expansion covers pipelines, gas storage, and even solar buildouts, with projects stretching out to 2033. Enbridge is betting on data center and power demand, and is pursuing additional renewables. Their ongoing project approvals suggest more dividend raises are likely. Despite this, it didn't make the Motley Fool's current 'top 10 stocks' list.
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@Simonwhite 3 months ago

That’s a sizeable pipeline. Good for short-to-mid-term investment opportunities.