Enbridge
Enbridge is a company that is a large blue-chip business vital to the North American economy. Plus, it’s a business operating with massive barriers to entry, especially with all the regulations involved in getting a pipeline built these days.
The business has been growing rapidly, through both its massive energy infrastructure business that transports roughly one quarter on North America’s energy, as well as its regulated utility business which helps to diversify Enbridge’s operations.
There are two main reasons why Enbridge is one of the best stocks to buy forever. The first is due to its sound business, which will continue to be a staple of the economy, earning predictable and reliable income and growing its dominant position in the industry.
The second reason is the income that it pays back to investors — a significant amount that’s increased each year, as Enbridge continues to grow its earnings.
The stock yields roughly 5.85% today and has stated it expects to continue to increase the dividend 5% to 7% annually for at least the next few years.
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