With an annual dividend yield of 5.23%, Enbridge Inc. (NYSE: ENB ) is included among the 12 Best Blue Chip Dividend Stocks to Buy Now .
Enbridge Inc. (NYSE:ENB) is a midstream energy operator that focuses on transporting and distributing oil, natural gas, and natural gas liquids.
Enbridge Inc. (NYSE:ENB) had a strong start to the year, with the company reporting better-than-expected results for its Q1 on May 8. The midstream operator delivered an adjusted EPS of $0.72 against estimates of $0.69, while its revenue also grew by 23% YoY to $16.3 billion and comfortably topped forecasts by $3 billion.
The strong performance was driven by the rising demand for natural gas, utility infrastructure, and power supply for data centers. Moreover, since the beginning of the US-Iran war, Enbridge has witnessed an increase in demand for crude oil export capacity to its Ingleside export terminal, the largest crude oil storage and export terminal in the United States.
Enbridge Inc. (NYSE:ENB) reaffirmed its FY 2026 guidance for adjusted EBITDA between C$20.2 billion and C$20.8 billion and DCF per share in the range of C$5.70 and C$6.10. Moreover, the company reiterated its post-2026 outlook of a 5% average annual growth rate for EBITDA, DCF per share, and EPS.
Enbridge Inc. (NYSE:ENB) boasts an impressive annual dividend yield of 5.23% and holds the coveted title of a dividend aristocrat, having raised its annual dividend for 31 consecutive years. As a result, ENB was recently included in our list of the 15 Best High Yield Energy Stocks to Buy Right Now .
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