9 Best High-Yield Dividend Growth Stocks to Buy Now

2. Enbridge Inc (NYSE:ENB)

Number of Hedge Fund Investors: 32

Canadian-based energy pipeline company Enbridge Inc (NYSE:ENB) posted Q1 results earlier this month. Adjusted EPS in the period came in at C$0.92. Distributable cash flow of C$3.5 billion in the period showed a 9% increase from the year-ago period .

While operating cash flow fell from $3.87 billion to $3.15 billion, analysts believe if we exclude maintenance capital expenditures, the actual figure was $3.16 billion

With a dividend yield of about 7% and a PE ratio of 19, energy pipeline company Enbridge Inc (NYSE:ENB) is one of the most popular Canadian dividend stocks among elite hedge fund investors. Enbridge Inc’s (NYSE:ENB) dividend yield is almost twice the industry average of 3.5%. Enbridge Inc (NYSE:ENB) has increased its dividend without a break since 2003.