Enbridge exceeded growth project targets last year, with $3.7 billion in new projects. The company plans to continue expanding, aiming for steady earnings and dividend growth. Enbridge’s solid track record, including 31 consecutive years of dividend increases, positions it as a strong investment for income and potential growth.

Enbridge recently sanctioned $10.2 billion in new projects, including a Mainline pipeline expansion and wind and solar projects. With a total of $28.5 billion in projects underway through 2033, Enbridge is well-positioned for continued growth. The company is pursuing additional opportunities valued at $36.5 billion, supporting its long-term growth outlook.

Investors in Enbridge could see double-digit annual returns, with a 5.5% dividend yield and 5% earnings growth projected. The company’s strong growth potential makes it an attractive long-term investment opportunity. However, investors should consider other top stock picks for potentially higher returns, as recommended by the Motley Fool Stock Advisor analyst team.

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