3 Things You Need to Know if You Buy Enbridge Stock Today

With a market cap of $75 billion, Canada's Enbridge (NYSE: ENB) is one of the largest midstream companies in North America. That has a lot of investors looking to find out more about this company.

If you do go looking into Enbridge's operations, though, be aware that there's an important nuance here that sets the infrastructure company up for a bright future. For those investors looking for a high-yield stock in the energy space, you need to know these three facts about Enbridge before you buy the stock. 

Enbridge's business is backed by assets that are vital to modern life, including energy pipelines, natural gas utilities, and clean energy projects. All are highly reliable cash-flow generators, with some producing fees (pipelines operate by collecting tolls, just like on a highway), contractually driven revenue, or payments that are regulated by the government, often in exchange for a monopoly. It is the company's reliable cash flow that supports its 7.5% dividend yield.

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Source Fool.com