This Durable 5.2%-Yielding Dividend Stock is as Dependable as They Come

Enbridge (NYSE: ENB) precocious closed the books connected 2025 by reporting its fourth-quarter and full-year fiscal results. The Canadian pipeline and inferior institution reported grounds net and currency flow. It besides achieved its fiscal guidance for the 20th twelvemonth successful a row. The company's predictable and steadily rising net person enabled it to summation its dividend for 31 consecutive years.

The vigor company's low-risk concern exemplary and disposable maturation illustration presumption it to proceed expanding shareholder value. These features marque it an fantabulous income banal to buy and clasp long-term.

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Enbridge generated 20 cardinal Canadian dollars ($14.7 billion) of adjusted net earlier interest, taxes, depreciation, and amortization (EBITDA) past year. That was up 7% from the anterior year. Meanwhile, the institution produced CA$12.5 cardinal ($9.2 billion) of distributable currency flow, a 4% summation from 2024. The company's increasing net enabled it to rise its dividend by 3% for 2026, pushing its output to 5.2%.

The vigor infrastructure institution benefits from its low-risk concern illustration that drives predictable fiscal results. Stable cost-of-service agreements and semipermanent contracts underpin 98% of the company's earnings. That provides Enbridge with a rock-solid net instauration to physique upon.

Meanwhile, the institution got a boost from respective integrated maturation drivers successful 2025, including higher rates and accrued utilization crossed its platform. Enbridge besides benefited from placing CA$5 cardinal ($3.7 billion) of integrated maturation superior projects into work implicit the past year. Additionally, the institution closed its acquisition of an involvement successful the Matterhorn Express Pipeline past year.

Enbridge pays retired betwixt 60% and 70% of its unchangeable currency travel successful dividends. That enables it to clasp billions of dollars successful excess currency to reinvest successful expanding its operations. Enbridge besides has a beardown investment-grade equilibrium sheet, which provides it with further fiscal flexibility to money its growth. The institution has CA$10 cardinal to CA$11 cardinal ($7.3 billion-$8.1 billion) successful yearly concern capacity.

The vigor institution secured CA$14 cardinal ($10.3 billion) of caller enlargement projects past year, expanding its backlog to CA$39 cardinal ($28.6 billion). It precocious added a mates much solar vigor investments, arsenic good arsenic caller state inferior maturation superior projects and lipid and state pipeline expansions. It has secured maturation superior projects with in-service dates done 2033. Enbridge expects to o.k. different CA$10 cardinal to CA$20 cardinal ($7.3 billion-$14.7 billion) of enlargement projects implicit the adjacent 2 years, further enhancing its maturation visibility.