Enbridge (NYSE: ENB) has been a model of consistency. The Canadian pipeline and utility giant has paid dividends for over 70 years and has increased its payment for the past 30 consecutive years. Its earnings are so predictable that the company has achieved its annual financial guidance for 19 straight years and is on track to extend that to 20.
The company has again demonstrated its reliability this year. The pipeline operator has delivered strong earnings and continued enhancing its long-term growth profile. These factors reinforce why the energy stock deserves a place in your portfolio.
Image source: Getty Images.