10 Safe Dividend Stocks with Yields Above 5%

6. Enbridge Inc. (NYSE:ENB)

Dividend Yield as of April 20: 5.86%

Enbridge Inc. (NYSE:ENB) is a multinational pipeline and energy company, headquartered in Canada. The company has emerged as one of the largest natural gas distributors in North America after recently acquiring three utilities from Dominion Energy. Much like its fee-based pipeline operations, the company’s regulated utility business delivers steady cash flow, with the added advantage of long-term growth visibility due to government oversight in capital planning.

In 2024, Enbridge Inc. (NYSE:ENB) posted adjusted earnings of $6.04 billion, up from $5.74 billion in the prior year. Its $14 billion purchase of the US-based natural gas utilities not only expanded its footprint but also opened up new avenues for growth in 2025 and beyond. As a result of the deal, Enbridge now holds the distinction of being the largest natural gas utility operator in North America, with a network that supplies roughly 20% of the natural gas used in the US—a strategic position as demand grows, especially from tech companies building gas-powered facilities to support energy-intensive AI data centers.

Enbridge Inc. (NYSE:ENB) also maintained a solid financial footing, generating $12.6 billion in operating cash flow for the year, compared to $14.2 billion in 2023. Its distributable cash flow rose 6% year-over-year, climbing to $12.0 billion from $11.3 billion. It currently pays a quarterly dividend of C$0.9425 per share and has a dividend yield of 5.86%, as of April 20. It is one of the best dividend stocks on our list as the company has been growing its payouts for 30 consecutive years.