.png)
Enbridge is working to make its runway for dividend growth even more predictable than it already was. At one point in its history, most of Enbridge ‘s ( ENB -1.50%) top and bottom lines were driven by its oil pipelines. A lot has changed as the North American midstream giant looks to shift along with the world toward cleaner energy sources. But one thing hasn’t changed: Enbridge is a reliable dividend payer. Recent moves suggest that Enbridge could even be a no-brainer choice for more conservative income investors. Enbridge has a long record of regular dividend increases While the past doesn’t predict the future, particularly in finance, it is often all investors have to go on when analyzing a stock. And when it comes to Enbridge’s commitment to paying dividends, well, the past is pretty compelling. To put a number on that, the company has increased its dividend annually for 28 consecutive years. ENB Dividend Per Share (Annual) Chart ENB Dividend Per Share (Annual) data by YCharts The chart above needs a little bit of an explanation, though it clearly shows the steady upward progress in the dividend. As a Canadian company, Enbridge pays dividends in Canadian dollars. The […]
CamTrader offers a preview only. View original article. www.fool.com
