This Top Ultra-High-Yielding Dividend Stock Continues to Show Why You Can Confidently Buy and Hold It Through the End of the Decade

Core Viewpoint - Enbridge is positioned for sustained dividend growth through significant investments in new projects and a robust project backlog, ensuring reliable income for investors over the coming years [1][11]. Group 1: Dividend Durability and Growth Outlook - Enbridge has a history of over 70 years of dividend payments, with annual increases for the past 30 years, showcasing resilience in the energy sector [1]. - The company currently offers a high dividend yield of more than 5.5% and expects to maintain this growth trajectory through at least 2030 [2][11]. - Enbridge anticipates a compound annual growth rate of 3% in distributable cash flow per share through 2026, accelerating to around 5% annually thereafter, supporting its dividend growth expectations of up to 5% per year [8]. Group 2: New Projects and Investments - Enbridge has made a final investment decision on two new natural gas pipeline projects, the AGT Enhancement and the Eiger Express Pipeline, which will enhance its growth potential [4][6]. - The AGT Enhancement project will deliver approximately 75 million cubic feet per day of natural gas to the U.S. Northeast, with an investment of $300 million expected to be completed by 2029 [5]. - The Eiger Express Pipeline will transport up to 2.5 billion cubic feet per day from the Permian Basin to the Gulf Coast, with an expected commercial service date in 2028, and a $300 million investment through a joint venture [6]. Group 3: Project Backlog and Financial Capacity - Enbridge has over CA$30 billion ($21.7 billion) in secured capital projects scheduled through the end of the decade, providing significant visibility into its growth outlook [7]. - The company is pursuing around CA$50 billion ($36.2 billion) in growth opportunities through 2030, with a focus on expanding its gas transmission infrastructure [9]. - Enbridge's strong post-dividend free cash flow and conservative balance sheet provide ample financial capacity to fund new growth opportunities and make strategic acquisitions [9][10].