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This Ultra-High-Yield Dividend Stock Just Gave Shareholders Another Raise, and It Can Keep Growing Payments for Years to Come

TheMotleyFool

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This Ultra-High-Yield Dividend Stock Just Gave Shareholders Another Raise, and It Can Keep Growing Payments for Years to Come: https://g.foolcdn.com/editorial/images/758097/gettyimages-dividends.jpeg

Sometimes a boring company that consistently pays out its growing free cash flow is something to get excited about. That's especially true when there's a clear path to continued dividend increases.

One such company offering an exceptional dividend is Enbridge (NYSE: ENB). The Canadian pipeline company just announced another raise for shareholders in 2024, bringing it to 29 straight years of dividend increases. The payout increased just over 3% and now yields about 7.7%.

There's a lot to like about the stock at today's price. And investors should expect even more dividend increases for years to come.

Source Fool.com

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