10 Best Foreign Stocks With Dividends For Passive Income

7. Enbridge Inc. (NYSE:ENB)

Dividend Yield as of February 3: 6.21%

Number of Hedge Fund Holders: 26

Enbridge Inc. (NYSE:ENB) is a Canadian leading energy infrastructure company that specializes in transporting oil and gas, providing natural gas utilities, managing renewable energy assets, and offering commodity marketing. In January 2025, Alberta’s government entered a partnership with Enbridge Inc. (NYSE:ENB) to expand the provincial pipeline capacity, to boost oil and gas production. Instead of funding this project with tax dollars, the expansion will be financed by the revenue from oil and gas companies paid to the province.

Enbridge Inc. (NYSE:ENB) has reliable cash flows, minimum commodity price exposure, and strong investment-grade credit ratings, which allows it to continuously grow dividends. In the coming years, the company foresees 7% to 9% EBITDA growth, supported by utility contributions, new assets, and tuck-in M&As. Enbridge is a dividend aristocrat, and it accounts for 10% of TSX-60 dividend payouts. The company reserves $8-9 billion for dividends in its annual investment capacity every year.

On December 3, Enbridge Inc. (NYSE:ENB) announced a 3% higher quarterly dividend of C$0.9425 per share, up from C$0.9150. It will be paid on March 1, 2025, to shareholders on record as of February 14.

Rajiv Jain’s GQG Partners held the largest stake in Enbridge Inc. (NYSE:ENB), with shares valued at nearly $3 billion. As of Q3 2024, 26 Wall Street funds had long positions in ENB.