This 5.8%-Yielding Dividend Stock Has Made 3 Deals -- Including Nearly $3.2 Billion in Acquisitions -- in the Last 2 Weeks. Should Income Investors Be Worried or Excited?
Enbridge has been really busy lately.
Overview
Enbridge (NYSE:ENB) has been very busy over the past two weeks. The Canadian energy infrastructure giant has announced three transactions during that timespan, including nearly $3.2 billion of acquisitions. That's a lot of action for a company that operates sleepy utility and pipeline businesses. All that activity likely has the company's income-focused investors wondering whether they should be worried or excited.
As a long-term Enbridge investor, I'm excited about all the company's wheeling and dealing, as it should strengthen its 5.8%-yielding dividend and support continued growth. Here's why.
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Originally published at www.fool.com.
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