Enbridge IncENB
Mentioned
Enbridge could turn an initial $5,000 investment plus $500 monthly contributions into over $1 million in 30 years, assuming a 10% annualized total return. The energy infrastructure company currently pays a 5% dividend yield and expects to grow its distributable cash flow per share by around 5% annually after this year, supporting continued dividend increases. Enbridge has a CA$37 billion backlog of commercially secured expansion projects through 2030 and is pursuing another CA$50 billion of investment opportunities through the end of the decade. The company has increased its dividend for more than 30 consecutive years in Canadian dollars and has generated an average annualized total return of 13.5% over the past three decades.
Enbridge Inc