6% dividend yield! This money cow never stops producing

Finding yields that can beat fixed -income effects such as bonds is an adventure that many take. Unfortunately, this can be a very disappointing and infertile exercise when investors begin to look at the underlying health and foundation of the dividend shares that produce bond-limiting returns.

That said, Enbridge (TSX: ENB) has been one of the best dividend shares that I am still coming back to for investors who are not only a meaningful revenue looking for a sustainable dividend outlook and a company that can continue to increase its distribution over time.

Let’s dive why this is a TOP TSX dividend -sharing investors, not wanting to miss in the long term.

Dividend reliability

With regard to companies that have been concerned with their dividends, Enbridge and the existing dividend yield of 6% are certainly attractive. The Energie -Infrastructure Company owns and operates one of the largest and most interconnected pipeline networks in North America, which mainly produces Western Canadian crude oil from the Oils from Alberta to refineries in the US

This model has produced some of the most stable and consistent cash flows from large energy -related shares. Much of it has to do with the nature of the company’s contracts, which makes less volatility of the raw material price possible that can bleed in its share price.

In the long term, I think this is the type of dividend share that most investors can have behind them.

Strong financial data

The last part of the puzzle that I think should consider investors, whether or not the underlying Fundamentals of Enbridge suggests that the dividend of it can not only increase over time (at least inflation), but can also be maintained. That is all to do with the financial image of the company.

In that area, Enbridge seems to be a solid feet, whereby the company reports an EBITDA growth of 18% in the past year and an increase of 6% in the distributable cash flow per share compared to the same time frame.

That type of number not only covers the 3% annual dividend increase of Enbridge (expected for the near future), but ensures that this will be a continuous care for the coming decades.