Core Viewpoint - The article highlights three ultra-high-yield dividend stocks that are considered reliable and likely to continue paying and growing their dividends, providing reassurance to income investors. Group 1: Enbridge - Enbridge offers a forward dividend yield of approximately 5.4% and has increased its dividend for 30 consecutive years, indicating strong dividend reliability [3][6] - About 75% of Enbridge's total revenue comes from its pipelines and midstream operations, which have minimal exposure to volatile commodity prices [4] - Enbridge is the largest natural gas utility in North America, delivering 9.3 billion cubic feet of natural gas to 7 million customers daily, enhancing the safety of its dividends [5] - The company has demonstrated reliable distributable cash flow during turbulent periods, including the financial crisis and the COVID-19 pandemic [6] Group 2: Realty Income - Realty Income has a dividend yield of 5.4% and has also increased its dividend for 30 consecutive years, similar to Enbridge [7] - Realty Income pays dividends monthly and is structured as a real estate investment trust (REIT), which must distribute at least 90% of its income as dividends to avoid federal income taxes [8] - The company has delivered a compound annual total return of 13.5% since its listing in 1994 and has shown positive operational returns for 29 consecutive years [9] - Realty Income owns over 15,600 properties across 91 industries, providing impressive stability through a diversified portfolio [10] - The total addressable market for net lease properties is estimated at $14 trillion, with Europe accounting for $8.5 trillion, presenting solid growth prospects for Realty Income [11] Group 3: Verizon Communications - Verizon Communications offers a dividend yield of 6.4% and has increased its dividend payout for 19 consecutive years [12] - Despite intense competition in the wireless services market, Verizon has maintained strong performance, posting the highest revenue in the industry in Q2 2025 [13] - The company has the most broadband and mobile customers and has been recognized for having the top-ranked network in the nation [13] - The high cost of building infrastructure for wireless services makes it unlikely for new entrants to disrupt the market [14] - Verizon's guidance for free cash flow this year is $20 billion, providing ample coverage for its dividend payments [15]

Core Viewpoint - Enbridge Inc. (ENB) is experiencing a stock price rally due to stable cash flows from long-term contracts and attractive dividend payments, closing at $48.30 per share, near its 52-week high of $48.59 [1][9] Company Performance - Over the past year, ENB's stock has surged 27%, outperforming the industry's composite stocks which gained 24.8%. Competitors Kinder Morgan Inc (KMI) and Enterprise Products Partners LP (EPD) saw gains of 30.4% and 18.1%, respectively [2] Business Model Analysis - ENB's business model has low exposure to oil and natural gas price volatility, with nearly 98% of its EBITDA generated from long-term contracts or regulated cash flows, making cash flow generation highly predictable [6][7][9] - The company is well-positioned to benefit from the growing demand for power from data centers, securing contracts with technology giants for renewable and natural gas energy supply [10] Growth Prospects - Enbridge is advancing with two significant natural gas pipeline projects, including a pipeline network from the Permian Basin to the Gulf Coast for LNG export [11] - The company expects solid growth backed by C$32 billion in secured capital developments, with a history of rewarding shareholders with dividend hikes for 30 consecutive years [12] Financial Metrics - ENB currently trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.50X, above the industry average of 13.87X, indicating a premium valuation compared to peers like Kinder Morgan and Enterprise Products [14]