ENB - This 7.9%-Yielding Dividend Stock Is a Top Choice for Income Investors
2024-02-12 06:25:00 ET
Enbridge (NYSE: ENB) is a well-oiled machine. The Canadian energy infrastructure giant recently closed the books on 2023. It was another solid year for the pipeline and utility company. Enbridge achieved its financial guidance for its 18th straight year. On top of that, it made excellent progress on its strategic priorities.
The company's remarkable consistency and low-risk business model make it a "first-choice investment opportunity," according to CEO Greg Ebel. Here's a look at why income-focused investors should consider making it one of their top choices for generating passive income.
"I'm pleased to report another year of strong safety, operational, and financial performance across the enterprise," stated CEO Greg Ebel in the fourth-quarter earnings press release. "Despite geopolitical instability, persistent inflation, and rising interest rates," Enbridge delivered its 18th straight year of achieving its financial guidance:
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This 7.9%-Yielding Dividend Stock Is a Top Choice for Income Investors