Motley Fool analyst Reuben Gregg Brewer says he continues to increase his holdings in Enbridge (NYSE: ENB) stock due to its 5.3% dividend yield and the reliability of its 31 consecutive years of dividend payments.
Reuben Gregg Brewer points out that Enbridge, as a pipeline company, primarily engages in fee-based midstream operations, generating reliable cash flow. Furthermore, the company also operates regulated natural gas utilities and holds a growing portfolio of renewable energy assets, transitioning towards clean energy, which makes it a suitable high-yield energy stock for long-term holding.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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