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High inflation has retirees and other TFSA investors searching for good dividend stocks to buy that offer attractive yields and growing payouts. Enbridge In the current environment, it makes sense to own industry leaders that provide essential services and offer decent outlooks for dividend growth. Enbridge owns and operates a portfolio of oil pipelines, natural gas pipelines, natural gas storage sites, natural gas distribution utilities, and renewable energy assets that include wind, solar, and geothermal facilities. The company transports 20% of the natural gas used by American homes and businesses every year and moves nearly a third of the oil produced in the U.S. and Canada. The energy infrastructure assets are strategically important for the smooth operation of the Canadian and U.S. economies. Enbridge is shifting capital towards export opportunities, as countries around the world increasingly demand reliable North American oil and liquified natural gas (LNG). Enbridge spent US$3 billion in 2021 to buy an oil export platform and related oil pipelines. Management recently announced plans to build two new natural gas pipelines to transport natural gas to LNG sites on the Gulf Coast. Enbridge entered the pandemic with a solid balance sheet after completing a transition process that […]
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