5 High Yield Dividend Champions

3. Enbridge Inc. (NYSE: ENB)

Number of Hedge Fund Holders: 19
Dividend Yield: 6.82%
Number of Years of Consistent Dividend Increases: 26

Enbridge Inc. (NYSE: ENB), an energy company, operates through its Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services segments. It ranks 3rd on our list of high yield dividend champions.

RBC Capital, this August, reiterated an Outperform rating on shares of Enbridge Inc. (NYSE: ENB). BMO Capital also holds an Outperform rating on Enbridge Inc. (NYSE: ENB).

In the second quarter of 2021, Enbridge Inc. (NYSE: ENB) had an EPS of $0.54, beating estimates by $0.08. The company’s revenue was $8.77 billion, up 47.12% year over year and beating estimates by $1.61 billion

By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in Enbridge Inc. (NYSE: ENB) worth roughly $166 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $144 million.

ClearBridge Investments, an investment management firm, mentioned Enbridge Inc. (NYSE: ENB) in its first-quarter 2021 investor letter. Here’s what they said:

“Enbridge owns and operates one of the largest oil and gas pipeline networks in North America. The company also owns regulated gas distribution utilities in Ontario, Canada. The first quarter saw the market giving the energy sector credit for its leverage to the eventual economic recovery as COVID-19 vaccines get rolled out through 2021.”