Topic: Dividend Stocks

ENBRIDGE INC. $58 – ENB

ENBRIDGE INC. $58 (www.enbridge.com) plans to increase the capacity of a proposed pipeline project that will pump crude from oil sands projects in Alberta. It will mainly do this by increasing the diameter of part of the pipeline and boosting another section’s pumping power. These moves will also cut the project’s overall cost by $400 million, from $3.0 billion to $2.6 billion. To put these figures in context, the company earned $1.6 billion, or $1.90 a share, in 2014. Buy.

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