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This Magnificent 7.4%-Yielding Dividend Stock Will Give Investors Yet Another Raise in 2024

TheMotleyFool

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This Magnificent 7.4%-Yielding Dividend Stock Will Give Investors Yet Another Raise in 2024: https://g.foolcdn.com/editorial/images/756548/a-person-sharing-money.jpg

Enbridge (NYSE: ENB) recently revealed its financial expectations for 2024. The Canadian pipeline and utility giant expects to deliver low-single-digit earnings and cash-flow growth next year without factoring in the positive impact of its three pending gas utility acquisitions from Dominion Energy. That's giving it the confidence (and the fuel) to increase its 7.4%-yielding dividend again next year.

Here's a look at what the pipeline company sees ahead in 2024 and beyond.

Enbridge expects to continue growing next year:

Source Fool.com