History Says This 7%-Yielding Stock Will Pay You a Bigger Dividend Next Year, Even If There's a Recession
ENBEnbridge(ENB) The Motley Fool·2024-08-25 17:11

Enbridge has an excellent record of raising its dividend during downturns. There are growing concerns that the economy is barreling toward a recession. Higher interest rates are starting to impact economic growth, and many worry that if the Federal Reserve waits too long to cut rates, it could trigger a recession. While a recession could have a major impact on some companies, it likely won't affect Enbridge (ENB 1.59%) at all. The leading North American pipeline and utility operator generates very durable c ...