This energy giant is focused on providing reliable dividends to investors while also providing the world with the energy it needs.
Enbridge ( ENB 1.06% ) is one of my core energy holdings. That's partly related to the lofty 5.8% dividend yield, but the real linchpin is the company's diversified energy business. Here are 10 reasons why I own Enbridge and why you might want to own it, too.
1. Enbridge has an attractive dividend yield
I'm a dividend investor, so Enbridge's dividend yield is important to me. At 5.8%, it is high on an absolute basis. But it is high on a relative basis, too. For example, the S&P 500 ( ^GSPC -0.25% ) is offering only a scant 1.2% yield. And the average energy stock's yield is just 3.3% or so. If you like dividends, as I do, Enbridge is going