Enbridge, a Canada-based energy pipeline company, offers a 5.8% dividend yield with 31 consecutive years of dividend increases. An investor would need to purchase 359 shares (worth ~$17,268) to generate $1,000 in annual dividend income.
The company maintains a sustainable 65-70% payout ratio of distributable cash flow. Management projects dividend growth could accelerate from the recent 3.3% annual rate to over 5% annually beyond 2026, driven by increased demand for gas transmission assets from the data center boom.