Enbridge's Dividend Has Grown for 31 Straight Years. Here's Why It Won't Stop.
With contracts with companies like Meta Platforms and over 50 opportunities to explore in the natural gas arena, Enbridge can keep generating the revenue needed to hike its dividend payout for the foreseeable future.
Overview
Earning the title of Dividend King puts you in elite company, as not every company has the financial stability to have increased its dividend payouts for 50 or more consecutive years. Some companies in that class are household names, like Coca-Cola and Walmart.
Enbridge (NYSE: ENB) isn't a household name, nor is it a Dividend King. But with 31 years of consecutive dividend hikes, it's on the path to becoming one, making it a name for investors seeking income to familiarize themselves with.
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Originally published at www.fool.com.