2 Reasons You Can Trust This Dividend Stock's Nearly 8% Yield

You might have heard the wisdom that dividend stocks with really high yields can be a trap, luring in unsuspecting investors for a juicy yield on a payout the company can't afford. Eventually, it slashes the dividend, and investors get whacked by a plummeting share price.

Shareholders of retail company Foot Locker witnessed this recently. But there are exceptions to the rule, and midstream energy company Enbridge (NYSE: ENB) seems like a prime example.

Enbridge offers investors a sizable dividend yield of almost 8% at its current price. But instead of fearing a cut, here are two reasons investors should expect those huge dividends to continue.

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Source Fool.com