This Magnificent 6.5%-Yielding Dividend Stock Adds Another $700 Million of Fuel to Keep its Growth Engine Humming Along
Enbridge(ENB) The Motley Fool·2024-10-05 16:17
Enbridge is finding no shortage of growth opportunities these days. Enbridge (ENB 0.81%) recently unveiled another new expansion project. The Canadian pipeline and utility company will build, own, and operate crude oil and natural gas pipelines to support BP's (BP 1.29%) recently green-lit Kaskida development. Enbridge's $700 million projects should come online by 2029 when Kaskida starts producing, further extending the company's long-term growth outlook. This will add more fuel to its dividend growth engi ...