15 Best Low Priced Dividend Stocks to Buy Now

12. Enbridge Inc. (NYSE:ENB)

Share Price as of the Close of March 17: $43.47

Forward P/E Ratio as of March 17: 20.33

Enbridge Inc. (NYSE:ENB) is a Canadian multinational pipeline and energy company. The company reported adjusted earnings of $6.04 billion in 2024, an increase from $5.74 billion the previous year. It also completed a $14 billion acquisition of three US-based natural gas utilities, strengthening its market presence and creating new growth opportunities for 2025 and beyond. With this acquisition, Enbridge has become the largest natural gas utility operator in North America. Its transmission network now delivers approximately 20% of the natural gas consumed in the US, positioning the company to benefit from growing demand, particularly as tech firms invest in gas-powered facilities to meet the electricity needs of AI-driven data centers.

In the past 12 months, Enbridge Inc. (NYSE:ENB) has surged by nearly 22.5%. The company maintains a strong level of reliability, as its revenue primarily comes from fees charged for access to its essential infrastructure. Unlike commodity prices, which can experience significant fluctuations, the company’s financial performance is more closely tied to the demand for oil and natural gas—markets that generally remain stable even when prices decline. Enbridge’s midstream operations account for approximately 75% of its earnings before interest, taxes, depreciation, and amortization (EBITDA).

Enbridge Inc. (NYSE:ENB)  maintained a healthy cash position throughout the year, generating $12.6 billion in operating cash flow, compared to $14.2 billion in 2023. Its distributable cash flow (DCF) increased by 6% year-over-year, reaching $12.0 billion, up from $11.3 billion the previous year. It offers a quarterly dividend of C$0.9425 per share, with a dividend yield of 6.11%, as recorded on March 17. The company has been rewarding shareholders with growing dividends for the past 30 years. With a share price of $43.47, ENB is one of the best low-priced stocks that pay dividends.