Could Buying Enbridge Stock Today Set You Up for Life?

Enbridge (NYSE: ENB) has been a very enriching investment over the years. The Canadian pipeline and utility giant has paid dividends for over 70 years, with increases in each of the last 30 years. The energy company's steadily growing income and earnings have helped fuel strong total returns over the decades. Enbridge has generated a 12% annualized total return over the past 20 years. That has grown a $25,000 investment into over $241,157. Enbridge is in a strong position to continue growing shareholder value in the future. Because of that, it could help set you up for life, depending on how much you invest in the energy giant and how long you hold your shares.Enbridge operates one of the largest energy-infrastructure franchises in North America. It owns the longest and most complex crude oil and liquids transportation system on the continent, moving 30% of all the oil produced in North America. Enbridge also has an unrivaled gas infrastructure platform that moves 20% of all gas consumed in the U.S. It also owns the continent's largest natural gas distribution franchise. Finally, the company has a large-scale and growing global renewable power business. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool