This Ultra-High-Yield Dividend Stock Is Seeking to Capture This MultiTrillion-Dollar Opportunity
Enbridge (NYSE: ENB) pays a mammoth dividend. The Canadian pipeline and utility company's payout currently clocks in at 6.3%, which is several times higher than the S&P 500's 1.6% dividend yield.
Even better, Enbridge has continued to increase that payout. It's giving investors a 3.2% raise in 2023, marking its 28th straight year of dividend growth.
The company should be able to keep growing its payout in the future, thanks partly to its massive backlog of expansion projects. It's also continuing to explore new growth drivers.
Source Fool.com
