This 7.2%-Yielding Dividend Stock Continues to Showcase Why It's a Great Long-Term Buy

Enbridge (NYSE: ENB) is an outstanding dividend stock. The Canadian energy infrastructure giant has increased its payout for 28 straight years. Meanwhile, it currently offers investors a 7.2% dividend yield -- several times above the S&P 500's 1.7% dividend yield -- that it supports with its strong cash flows and financial profile. 

There's no end in sight for the company's dividend growth streak. It continues to secure new expansion projects that should give it the power to keep increasing the dividend. That adds to its attraction as a great income stock to buy for the long haul.

The French government recently selected a consortium that includes Enbridge to develop a new wind energy project offshore  Normandy. The Centre Manche 1 project will have an expected installed capacity of 1 gigawatts. That will make it the largest offshore wind farm in France. It will generate enough power to meet the needs of 1.5 million people, or more than half the energy requirements for Normandy's population. 

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Source Fool.com