12 Best Oil and Gas Dividend Stocks to Buy Now

Page 7 of 10

4. Enbridge Inc. (NYSE:ENB)

Dividend Yield as of July 15: 5.96%

As one of the only dividend aristocrats in its sector, Enbridge Inc. (NYSE:ENB) has increased its dividend for 30 consecutive years and expects to continue this momentum by growing its business by 5% per year through the end of the decade. Currently, the company offers a quarterly dividend of C$0.9425 per share and has a dividend yield of 5.96%, as of July 15.

Enbridge Inc. (NYSE:ENB) boasts a toll-booth-like pipeline and utility business that centers around fixed fees and other contracts that generate stable cash flows, allowing the company to maintain its dividend growth at a CAGR of 9% over the past three decades.

The company is also diversifying beyond pipelines and into renewable energy through solar and wind projects. Moreover, it reported a secured growth backlog of $28 billion at the end of Q1 2025, ensuring sustainable cash flow and dividend growth in the future.

Enbridge Inc. (NYSE:ENB) is a midstream energy company that focuses on transporting and distributing oil, natural gas, and natural gas liquids. The Canadian company moves about 30% of the crude oil produced in North America.

Page 7 of 10