This 6.5%-Yielding Dividend Stock Just Closed the Final Phase of a Once-in-a-Generation Opportunity
ENBEnbridge(ENB) The Motley Fool·2024-10-03 20:18

Enbridge has now closed all three gas utility acquisitions from Dominion. Last fall, Enbridge (ENB -0.19%) made a bold strike. The Canadian pipeline and utility giant agreed to buy three natural gas utilities from Dominion in a $14 billion deal. The transaction would create the largest natural gas utility franchise in North America. At the time, Enbridge's CEO Greg Ebel stated, "Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once-in-a-generation opportuni ...