Investors seeking dependable passive income that keeps growing over time could consider high-yield dividend stocks with the ability to increase their distributions year after year. The reliable dividend payers and growers are backed by resilient business models generating steady earnings and cash flows across economic cycles.

In this context, Enbridge (ENB) is a top choice for passive income investors. The company has a proven history of dividend payments and growth. Moreover, its forward annual dividend of $2.85 per share yields 5.4%. Further, Enbridge is well-positioned to continue growing its dividends year after year.

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Enbridge Raised Its Dividend for 31 Years

Enbridge is an attractive stock offering a high yield and a stress-free dividend. It is a diversified energy infrastructure company that has increased its dividend for decades. It operates oil pipelines and terminals across Canada and the U.S., transports and stores natural gas, operates gas utilities serving homes and businesses, and invests in renewable energy projects, including wind, solar, and geothermal facilities in North America and Europe.

Supporting Enbridge’s payouts are its high-quality assets backed by long-term contracts, regulated cost-of-service tolling structures, power purchase agreements (PPAs), and other low-risk commercial arrangements. This defensive operating structure has enabled Enbridge to generate consistent, resilient cash flow across multiple commodity cycles, economic conditions, and geopolitical conditions. As a result, Enbridge generates steady earnings and distributable cash flow and has increased its dividend for 31 consecutive years.

Enbridge’s Dividend to Grow By 5% Annually

Looking ahead, Enbridge’s diversified, high-quality assets position it well to continue growing its dividend. Notably, in Liquids Pipelines, the company’s network remains a critical link between production basins and refinery hubs, supporting high system utilization. In Gas Transmission, Enbridge is expanding pipelines and storage capacity to meet structural demand drivers, including LNG export growth, gas-fired power generation, data center expansion, coal-to-gas switching, electrification, and the reshoring of industrial activity. These investments are backed by regulated or contracted frameworks, supporting the predictable returns.