Dividend Champions List Ranked By Yield: Top 10

4. Enbridge Inc. (NYSE:ENB)

Dividend Yield as of December 20: 6.99%

Enbridge Inc. (NYSE:ENB) is a Canadian multinational natural gas distribution company that owns and operates pipelines throughout Canada and the US. In December, Credit Suisse maintained a Neutral rating on the stock with a C$52 price target, appreciating the company’s performance and balance sheet.

In the third quarter of 2022, Enbridge Inc. (NYSE:ENB) reported a distributable cash flow of $2.5 billion, compared with $2.3 billion during the same period last year. The company’s revenue for the quarter came in at C$11.57 billion, which saw a 0.9% growth from the prior-year period.

Enbridge Inc. (NYSE:ENB) offers a quarterly dividend of C$0.8875 per share, having raised it by 3% in November. The company holds a strong history of dividend payments, offering dividends to shareholders for the past 67 years. Moreover, it maintains a 28-year streak of consistent dividend growth, which makes it one of the best dividend stocks on our list. As of December 20, the stock has a dividend yield of 6.99%.

Enbridge Inc. (NYSE:ENB) was a part of 24 hedge fund portfolios in Q3 2022, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of over $2.28 billion. GQG Partners was the company’s leading stakeholder in Q3.