10 Energy Stocks with Fat Dividends

3. Enbridge Inc. (NYSE:ENB)

Dividend Yield as of April 18: 5.86%

Enbridge Inc. (NYSE:ENB) is a midstream energy company that focuses on transporting and distributing oil, natural gas, and natural gas liquids. The Canadian company moves about 40% of the crude oil produced in North America.

Enbridge Inc. (NYSE:ENB) had a strong Q4 2024 as its revenue grew by 36.32% YoY to $11.44 billion and surpassed expectations by a hefty $6.07 billion. The company’s adjusted EPS of $0.53 was also above estimates by $0.01. ENB added over $8 billion of organic projects to its backlog in 2024 and even closed the acquisition of three premier US natural gas utilities, creating the largest gas utility franchise in North America. Moreover, the company managed to achieve its financial guidance for the 19th consecutive year, demonstrating the stability and predictability of its business.

Enbridge Inc. (NYSE:ENB) generated full-year distributable cash flow of $12 billion in 2024, up 6% YoY. The midstream energy giant has paid dividends for more than 70 years, while increasing its payout for the last 30 years in a row. ENB offers a quarterly dividend of C$0.9425 per share and is included in our list of the 15 Best Low Priced Dividend Stocks to Buy Now.