Enbridge: A Fat Pitch 7.0% Yield With A Growth Catalyst

Travel Ink/DigitalVision via Getty Images Enbridge (NYSE:ENB) reported strong second-quarter results and benefited from growth in its EBITDA and distributable cash flow. The energy company is seeing considerable growth momentum in its core business units, especially in the Permian, which I believe sets the midstream firm up for sustainable cash flow and dividend growth. Enbridge also supported its dividend with distributable cash flow in Q2'24 and the Data Center industry's hunger for energy creates a long- ...