Enbridge (ENB) – Among the 10 Canadian Stocks with Highest Dividends

Enbridge Inc. (NYSE:ENB) is included among the 10 Canadian Stocks with Highest Dividends.

On April 24, Reuters reported that Canada approved a C$4 billion ($2.93 billion) expansion of Enbridge Inc. (NYSE:ENB)’s Westcoast natural gas pipeline system in British Columbia. It is the first major pipeline project to move forward under Prime Minister Mark Carney.

Carney, who was elected last year on a platform focused on economic growth and responding to U.S. President Donald Trump’s tariffs, has committed to speeding up permitting for large resource projects. In Canada, these projects have often faced delays tied to regulatory and legal hurdles. Enbridge has been working on its Sunrise Expansion project since 2022. The project is expected to add 300 million cubic feet per day of natural gas capacity in British Columbia. The company filed for federal approval two years ago.

The expansion is aimed at meeting rising natural gas demand in the region. This includes supply needs from LNG projects such as Woodfibre, which is currently under construction on the Pacific coast. Enbridge holds a 30% stake in that project. The existing Westcoast pipeline system runs about 2,900 kilometers from northeast British Columbia to the Canada-U.S. border. It currently has a capacity of 3.6 billion cubic feet per day. The project will include new pipeline sections along the existing route, added gas compression capacity, and upgrades to current facilities.

Enbridge Inc. (NYSE:ENB) operates as an energy transportation and distribution company. Its business segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.

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