Why I Continue Scooping Up Shares of This 7.6%-Yielding Dividend Stock
I recently bought a few more shares of Enbridge (NYSE: ENB). The main draw is the Canadian energy infrastructure giant's massive dividend. Enbridge currently yields 7.6%.
Here's why I can't stop buying Enbridge these days.
Enbridge pays a very low-risk, high-yielding dividend. The pipeline and utility company generates very stable cash flow. Cost-of-service agreements or long-term contracts underpin 98% of its cash flow, leaving it with minimal commodity price risk. Meanwhile, 95% of its earnings come from customers with an investment-grade credit rating, increasing the probability it gets paid.
Source Fool.com
