Enbridge has continued to grow over time, through various infrastructure improvements and pipeline extension projects. The company is among an elite few energy infrastructure companies with pipelines underway that are expected to meet regulatory hurdles and be approved shortly.
With any new pipeline project being met with increasing scrutiny, investing in an energy infrastructure company like Enbridge with room to grow over the long-term allows investors to benefit from cash flow growth over time.
Enbridge’s management team has been extremely adept at increasing the company’s dividend over time. Investors can expect increases to continue over the long term, in the mid to high single digit range, increasing the value proposition for this dividend investment today.