Enbridge (NYSE: ENB) is an outstanding dividend stock. Meanwhile, it currently offers investors a 7.2% dividend yield -- several times above the S&P 500's 1.7% dividend yield -- that it supports with its strong cash flows and financial profile. It continues to secure new expansion projects that should give it the power to keep increasing the dividend.
In the latest trading session, Enbridge (ENB) closed at $36.82, marking a +0.25% move from the previous day.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) welcomes the decision by French government to select EDF Renewables, a wholly-owned subsidiary of the French utility EDF Group, and Maple Power, the Company's joint venture with Canada Pension Plan Investment Board (CPP Investments), to develop the future Normandy offshore wind farm (Centre Manche 1), with an expected installed capacity of 1 GW.