On Nov. 7, pipeline giant Enbridge (TSX:ENB)(NYSE:ENB) posted its latest earnings numbers, for the quarter ending Sept. 30. The company’s adjusted EBITDA rose to $4.3 billion compared to $4.2 billion in the prior-year period, driven by strong performance across its franchises. Enbridge projects adjusted EBITDA growth between 7-9% in the short term, which is in line with its previous guidance, as its operations remain fairly safe and consistent.
Looking ahead, the company also remains committed to growth and has sanctioned $3 billion in new projects, adding to its secured growth backlog, which now stands at approximately $35 billion.
For dividend investors, of key importance is the distributable cash flow (DCF), which Enbridge uses to evaluate the safety of its dividend. The company’s DCF for the quarter was $2.6 billion, which is consistent with how it did in the same period last year. The company says it doesn’t expect to see any material impact from tariffs on its operations, proving to be one of the most resilient Canadian stocks own amid challenging economic conditions.
For investors, Enbridge remains one of North America's largest energy infrastructure companies and it offers one of the most reliable dividends on the market. The stock currently yields 5.7% and has a remarkable streak of 30 consecutive years of dividend increases.
Thus far in 2025, the stock has risen by 11%. It’s one of the best Canadian dividend stocks to buy and hold for the long term. Enbridge offers a solid mix of dividends and long-term growth potential.
