2 Attractive Dividend Stocks Whose Dividends Could Double
Energy infrastructure companies often offer investors attractive income streams because long-term fee-based contracts underpin the bulk of their assets. Since they can build additional assets that are also underpinned by long-term fee-based contracts, these entities have a slightly easier time forecasting future dividend growth.
Meanwhile, companies that secure a substantial backlog of expansion projects have the ability to forecast monster dividend-growth potential. Take, for example, Kinder Morgan (NYSE: KMI) and Enbridge (NYSE: ENB), which are on pace to double their already lucrative dividends over the coming years thanks in part to their massive project backlogs. Here's a closer look at how soon these companies could be paying twice their current rate.
Image source: Getty Images.
Source: Fool.com
Enbridge Inc. Stock
We see a rather positive sentiment for Enbridge Inc. with 7 Buy predictions and 2 Sell predictions.
With a target price of 53 € there is a hugely positive potential of 54.83% for Enbridge Inc. compared to the current price of 34.23 €.
