How Lucrative is Enbridge's Dividend Yield Compared to the Industry?

Core Insights - Enbridge Inc. (ENB) is a leading midstream energy company that generates stable fee-based revenues, making it less vulnerable to oil and natural gas price volatility [1] Group 1: Financial Performance and Dividend - ENB is positioned to generate incremental cash flows for shareholders, supported by over C$30 billion in secured capital projects across various sectors including liquid pipelines, gas transmissions, renewables, and gas distribution & storage [2] - The current dividend yield of ENB is 5.9%, which exceeds the industry average of 5.36%, and its three-year median dividend yield is 6.66%, higher than the industry's 6.06% [3][6] - ENB has a history of rewarding shareholders with dividend hikes for 31 consecutive years, with additional cash flows expected as new projects come online [2][6] Group 2: Comparison with Competitors - Kinder Morgan Inc. (KMI) and Williams (WMB) have lower dividend yields of 4.35% and 3.36%, respectively, compared to ENB's yield [4] Group 3: Stock Performance and Valuation - ENB shares have increased by 10.4% over the past year, outperforming the industry composite stocks, which improved by 7.8% [5] - ENB trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 14.76X, above the broader industry average of 13.63X [8]