This Elite Ultra-High-Yield Dividend Stock Gives Investors Another Raise
Enbridge (NYSE: ENB) is an elite dividend stock. The Canadian energy infrastructure giant offers investors a big-time yield (6.2% versus 1.7% for the S&P 500 index). On top of that, the company has steadily increased that payout over the years.
Enbridge recently announced its latest dividend payment, which is 3.2% higher than the current level. With this increase, the company has now given its investors a raise for 28 straight years. That's an elite growth track record, especially in the volatile energy sector.
Meanwhile, with a growing backlog of capital projects, Enbridge should have plenty of fuel to continue increasing its ultra-high-yielding dividend in the coming years. That makes it an attractive option for income-focused investors.
Source Fool.com
