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Enbridge (ENB) Raises its Quarterly Dividend by 2.9%

Enbridge Inc. (NYSE:ENB) is included among the 11 Energy Stocks to Buy for a Retirement Portfolio.

Enbridge Inc. (NYSE:ENB) is a midstream energy operator that focuses on transporting and distributing oil, natural gas, and natural gas liquids.

Enbridge Inc. (NYSE:ENB) maintained its track record of being an avid dividend payer as on December 3, the company grew its quarterly dividend by 2.9% to C$0.97 per share, extending its payout growth streak to 31 consecutive years. As of the writing of this article, ENB boasts a robust annual dividend yield of 5.77%.

The raised dividend comes as Enbridge Inc. (NYSE:ENB) forecasts a distributable cash flow of C$5.70 – C$6.10 per share for FY 2026, marking a 4% increase from the midpoint of the company’s 2025 guidance. Moreover, the Canadian pipeline operator is expecting to generate an adjusted core profit of C$20.2 billion – C$20.8 billion next year, compared with expectations of C$19.4 billion – C$20 billion for 2025. The growth comes on the back of strong expected demand and new projects entering service, with the company targeting to deploy about CA$10 billion ($7.2 billion) into growth capital projects next year.

Greg Ebel, President and CEO of Enbridge Inc. (NYSE:ENB), stated:

“Next year, Enbridge expects to generate Adjusted EBITDA between $20.2 and $20.8 billion and DCF per share between C$5.70 and C$6.10 per share, which represents a 4% increase from the respective midpoints of our 2025 guidance. We have approximately C$8 billion of new projects entering service in 2026 across our franchises, all of which are underpinned by low-risk commercial frameworks. We also expect strong growth in 2026 from recent rate settlements and rate cases in both Gas Distribution and Gas Transmission. These regulatory outcomes support visible, durable growth through rate escalation and quick-cycle capital recovery mechanisms.

We also announced a 3% increase to our common share dividend for 2026, representing our 31st consecutive annual increase. This increase reinforces our dividend aristocrat status, is underpinned by our growing cash flows and supports Enbridge’s first-choice investment proposition.”

While we acknowledge the potential of ENB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENB and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 14 Best Utility Dividend Stocks to Buy Now.

Disclosure: None.

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