This Elite 5.5%-Yielding Dividend Stock Continues to Fill Up Its Growth Engine

1 month ago 29

Matt DiLallo, The Motley Fool

Sun, February 22, 2026 astatine 3:26 PM CST 4 min read

Enbridge (NYSE: ENB) has an elite way record. The Canadian pipeline and inferior institution has accrued its dividend for 31 consecutive years (in Canadian dollars) and achieved its yearly fiscal guidance for 20 years successful a row. The institution reported grounds fiscal results past year, continuing its dependable growth.

The vigor institution has ample substance to proceed increasing its net and dividends. That was evident successful the agelong database of caller maturation superior projects it has added to its backlog successful caller months. That disposable maturation makes Enbridge a great pipeline banal to buy and clasp for income and maturation potential.

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A idiosyncratic looking astatine rising charts.

Enbridge placed 5 cardinal Canadian dollars ($3.7 billion) of maturation superior projects into commercialized work past year. Those expansions helped turn its currency travel per stock by 4%, allowing the institution to summation its dividend by different 3%. They besides enactment its expectations of increasing net by much than 3% this year, astatine the midpoint of its guidance range.

The institution much than replaced the projects it placed into work past year, sanctioning CA$14 cardinal ($10.2 billion) of caller expansions passim 2025. That includes respective caller task approvals:

Mainline Optimization Phase 1 (MLO1): A $1.4 cardinal task to summation the capableness of its Mainline and Flanagan South Pipeline systems, which should participate commercialized work successful 2027.
Cowboy Phase 1: A $1.2 cardinal solar vigor investment and artillery retention installation successful Wyoming to enactment a ample exertion company's operations that should start-up successful 2027.
Easter: A $400 cardinal upwind task to enactment Meta Platform's information halfway operations that should statesman producing aboriginal this year.

These projects added to a agelong database of expansions already successful Enbridge's backlog. It present has CA$39 cardinal ($28.5 billion) of projects underway that should participate commercialized work done 2033. It has projects spanning each of its 4 halfway franchises (liquids pipelines, state transmission, state organisation and storage, and renewable power).

Enbridge has an adjacent bigger database of imaginable projects nether development. It's presently pursuing opportunities valued astatine upwards of CA$50 cardinal ($36.5 billion) that it could unafraid by 2030. It sees the imaginable to authorisation different CA$10 cardinal to CA$20 cardinal ($7.3 billion-$14.6 billion) successful caller projects implicit the adjacent 24 months. It has imaginable projects crossed each its franchises, including MLO2 & 3, Cowboy Phase 2, and aggregate state pipeline and organisation enlargement opportunities.

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