This Low-Risk Dividend Stock Could Be Worth $1 Million in 30 Years -- Here's the Math
Enbridge has the fuel to generate wealth-compounding total returns.
Overview
Dividend stocks are compounding machines. The combination of income and growth that these investments provide can really add up over the years.
Energy infrastructure giant Enbridge (NYSE: ENB) is a prime example. It has turned a $50,000 investment made three decades ago into more than $1.1 million today. The low-risk dividend stock has plenty of fuel to continue enriching investors going forward. Here's how much you'd need to invest in the Canadian pipeline and utility company to become a millionaire in 30 years.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.