This 7.5%-Yielding Dividend Stock Is Another Step Closer to Securing a Once-in-a-Generation Investment Opportunity
ENBEnbridge(ENB) The Motley Fool·2024-06-05 17:48

Enbridge has now closed two of the three natural gas utilities it plans to acquire from Dominion. Enbridge (ENB -1.10%) made a bold strike last year. The Canadian pipeline and utility company agreed to acquire three natural gas utilities from Dominion for $14 billion. Enbridge's CEO Greg Ebel stated at the time of the deal, "Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once- in-a-generation opportunity." The deals will increase its cash flow per share, ...