3 Reasons to Buy Enbridge Stock Like There's No Tomorrow

The big reason most income investors will want to buy Enbridge (NYSE: ENB) is its hefty dividend, which currently yields 6.9%. However, you really need to dig beneath that number to understand why this stock is so desirable to own. The list of pros includes the dividend (but for more than just the yield), the diversified underlying business, and the expansion the company has undertaken.Enbridge's dividend yield of 6.9% compares quite favorably to the broader market, which on average is yielding a scant 1.2% or so, and also to the energy sector, where the average yield is roughly 3.1%. So, clearly, income investors will find Enbridge's yield attractive on both an absolute level and relative to other options. But there's one more factor to consider here: The yield is also near the high end of its historical range. In other words, Enbridge's dividend looks attractive relative to its own history as well.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool