Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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Enbridge has a huge yield and a reliable history of increasing its dividend. ExxonMobil has used its balance sheet to support dividend growth in even the worst of times.

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Enbridge is a well-run midstream energy business with significant energy assets in the US and Canada. The company's strong financial framework for FY 2024 implies ~4.5% Y/Y adjusted EBITDA growth. Enbridge has consistently delivered growth in EBITDA and distributable cash flow, with predictable cash flow due to take-or-pay contracts.

Enbridge: A Top-Rated 7.3% Yield For Income Investors

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Some companies have strong track records of increasing their dividend payments. Investors can turn their dividend checks into more shares, which bring more dividend payments.

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Enbridge (ENB) is strategically positioned to benefit from industry trends, such as increasing demand for renewable energy and natural gas.

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Chevron's dividends are set to grow at a faster pace in 2024. High-yield Enbridge is boring, but reliable.

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The latest trading day saw Enbridge (ENB) settling at $35.35, representing a -1.59% change from its previous close.

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Enbridge offers investors a large 7.5% dividend yield that also happens to be growing at a healthy clip. The company is shifting its portfolio, including a large deal to buy three U.S. natural gas utilities.

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Energy infrastructure giant Enbridge offers you a safe and reliable 7.6% dividend yield. Ares Capital provides growth funding to middle-market businesses -- and hefty cash payouts to its investors.

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Enbridge just raised its dividend for the 29th straight year. With 80% of its assets protected from inflation and a growing focus on utility-like assets, that streak is likely to continue next year.

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Enbridge is selling its stake in two assets. It's using that capital to help fund its utility acquisitions.

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Enbridge is a Canadian midstream company with an increasingly diversified portfolio. The company has a long history of increasing its dividend annually.

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Enbridge has released financial guidance for the 2024 fiscal year, showing continued growth and increased cash flows. Management expects EBITDA to be between $16.6 billion and $17.2 billion in 2024, up from $15.9 billion to $16.5 billion in 2023. Overall prospects for the business have probably never been better, with future growth also on the table.

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Enbridge is a steady and durable energy company with a moat-worthy business model that is unlikely to be disrupted by newcomers. The company's recent acquisition of Dominion Energy's natural gas utilities enhances its industry positioning in the U.S. and it's entering the RNG space. Enbridge offers a 7.7% forward dividend yield and has a strong track record of dividend increases, making it an attractive investment for income-focused investors.

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CALGARY, AB , Dec. 13, 2023 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement to sell its 50.0% interest in Alliance Pipeline ("Alliance") and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation ("Pembina") (PPL: TSX) (NYSE: PBA) for a purchase price of $3.1 billion, including non-recourse debt at Alliance of approximately $0.3 billion, and subject to customary closing adjustments. Alliance delivers liquids rich natural gas sourced in Northeast B.C.

Enbridge Announces $3.1 Billion Sale of its Interests in Alliance Pipeline and Aux Sable

Enbridge Inc. stock has markedly underperformed its leading energy infrastructure peers despite a planned acquisition to become North America's largest gas utility platform. Concerns remain over Enbridge's debt exposure and its near-term impact on earnings available for distribution. However, Enbridge's high-quality earnings should support improved buying sentiments as the Fed reaches the end of its rate hike regime.

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Enbridge has announced its 29th consecutive annual dividend increase, providing shareholders with additional income for the holidays. Enbridge is considered a top income pick for 2024 due to its stable dividend, high yield, and projected earnings growth. The changing macroeconomic environment, with declining risk-free rates, could make Enbridge an attractive investment for income-seeking investors.

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Since initiating coverage on Enbridge, the stock has rallied about as much as the S&P 500. The midstream behemoth shared impressive financial results for the third quarter ended September 30. Enbridge's industry leadership and robust financial position earn it a BBB+ credit rating from S&P with a stable outlook.

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