CALGARY, AB , Aug. 18, 2025 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 15 (Series 15 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 16 (Series 16 Shares) on September 1, 2025. After taking into account all conversion notices received from holders of its outstanding Series 15 Shares by the August 18, 2025 deadline for the conversion of the Series 15 Shares into Series 16 Shares, less than the 1,000,000 Series 15 Shares required to give effect to conversions into Series 16 Shares were tendered for conversion.

Enbridge (ENB -0.94%) 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.

Here is how Enbridge (ENB) and Delek Logistics Partners, L.P. (DKL) have performed compared to their sector so far this year.

Enbridge preferred shares demonstrated strong performance over the past 11 months, driven by interest rate cuts. I expect further principal appreciation for fixed dividend preferreds as more rate cuts from the Bank of Canada and the Federal Reserve are likely before year-end. Top picks include Series 1 (ENB.PR.V:CA) (EBBGF) and five other preferreds, offering the highest yields and best growth potential in the current environment.

Energy of all kinds is vital to modern life. But the world doesn't sit still, either, and the types of energy that the world demands are starting to change.

Enbridge (ENB 0.94%) is one of my core energy holdings. That's partly related to the lofty 5.8% dividend yield, but the real linchpin is the company's diversified energy business.

Between 2020 and 2050, electricity is expected to rise from 21% of final energy use in the United States to 32%. That's a huge change and one that is directionally similar to the changes taking shape throughout the world.

Enbridge's Q2 2025 earnings beat analyst expectations, driving a strong stock price rally, but headline numbers overstate underlying performance. Distributable cash flow growth was weak, failing to outpace inflation, with much of reported earnings growth driven by non-cash, unrealized derivative gains. Growth was largely supported by recent natural gas utility acquisitions; future expansion is heavily dependent on rising North American natural gas demand.

Enbridge's unique, diversified infrastructure and irreplicable moat position it to benefit from rising energy demand, especially as data center growth accelerates. Strong Q2 results, record EBITDA, and a robust $32 billion capital backlog support continued growth in EBITDA, EPS, DCF, and dividends. ENB offers a compelling 5.89% yield with a 30-year dividend growth track record, set to become even more attractive as interest rates decline.

A high dividend yield can sometimes indicate that a company's growth days are in the rearview mirror. These companies often lack attractive opportunities to reinvest their cash flow.