This 6.7%-Yielding Energy Stock Is Getting Even More Sustainable
Enbridge (NYSE: ENB) recently made a big splash. The Canadian energy infrastructure giant agreed to acquire privately held Moda Midstream Operating for $3 billion in cash. The deal will advance its U.S. Gulf Coast expansion strategy while significantly boosting its cash flow. Meanwhile, it includes near-term expansion opportunities and longer-term potential for low carbon energy infrastructure.
The compelling economics also enhance the long-term sustainability of Enbridge's 6.7%-yielding dividend. Here's a closer look at why income investors should like this deal.
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Source Fool.com
