Enbridge Inc. (NYSE:ENB) is recognized as one of the 12 Best Oil and Gas Dividend Stocks to Buy Now, offering stable cash flows and high payouts. With a history of increasing dividends for 30 years, the company aims to grow its business by 5% annually and currently boasts a dividend yield of 5.96%.

Enbridge Inc. (NYSE:ENB) excels in its toll-booth-like pipeline and utility business, sustaining a dividend growth rate of 9% over the past three decades. The company is expanding into renewable energy projects such as solar and wind, with a secured growth backlog of $28 billion at the end of Q1 2025.

Enbridge Inc. (NYSE:ENB) is a midstream energy company that transports and distributes oil, natural gas, and natural gas liquids, moving approximately 30% of North America’s crude oil production. While ENB offers investment potential, certain AI stocks may present greater upside with lower downside risk. Explore our free report on the best short-term AI stock for more information.

Read more at Yahoo Finance: This Energy Infrastructure Company Boasts Stable Cash Flows and High Payouts