Where Will High-Yield Enbridge Be in 1 Year?

Enbridge is in the middle of finalizing a series of three utility acquisitions, which will materially shift its business. The big attraction for investors today with Enbridge (ENB 1.11%) is the stock's hefty 6.6% dividend yield. The dividend backing that yield, meanwhile, has been increased annually (in Canadian dollars) for 29 consecutive years. And yet the backstory for Enbridge today is one of change, but in a good way -- if you like owning highyield stocks of boring and reliable businesses. Here's what ...