What Is the Dividend Payout for Enbridge?
Distributing dividends to shareholders for 69 years, Enbridge (NYSE: ENB) is likely a familiar name to income investors who spend some time in the oil patch. Over the past three decades, the company's commitment to rewarding shareholders has been especially clear. Should Enbridge achieve its 2024 dividend target of 3.66 Canadian dollars per share, the energy company will have powered its dividend higher at a 10% compound annual growth rate since 1995.
But that's just scratching the surface. Let's dig in a little deeper and see what else there is to know about Enbridge's dividend.
Brandishing itself as operating the "world's longest and most complex oil and liquids transportation system," Enbridge also has extensive natural gas and renewable-energy operations. These businesses help the midstream company generate strong cash flow, which is the source of its dividend.
Source Fool.com
