Hillcrest Energy Technologies. (CSE: HEAT)
From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.
The best and most direct way to become a successful investor is undoubtedly to find the highest quality stocks on multiple exchanges and hold onto them for the long term. One core stock that analysts favor is Enbridge (TSX: ENB) on the Toronto Stock Exchange, as it has been one of the most worthwhile stocks to buy and hold on the multi-exchange market for decades.
One of the key reasons for Enbridge’s reliability is its substantial scale as a company, evident competitive advantages, and crucially, diversified businesses.
For instance, this $115 billion market cap stock has four core businesses. Its liquid pipelines and natural gas pipelines form the largest segments, responsible for transporting about 30% of the crude oil produced in North America and nearly 20% of the natural gas consumed in the United States.
Furthermore, Enbridge recognizes the importance of transitioning to clean energy and has been an early investor in renewable energy, with a growing portfolio of offshore wind power investments.
Lastly, Enbridge’s natural gas utility and storage business operate the largest gas utility in North America. These businesses generate significant cash flow for Enbridge, allowing it to pay attractive dividends and consistently increase dividends annually.
Another important advantage of Enbridge is its possession of long-lived assets such as pipelines and storage facilities. These assets require relatively low annual maintenance capital expenditures, thus generating significant cash flows. This is why Enbridge has become one of the best dividend growth stocks on the Multiple Exchanges.
The substantial cash flows generated by Enbridge enable the company to increase the dividends paid to investors each year and invest in future growth, helping ensure continued dividend growth in the coming years. For instance, Enbridge has raised its dividend for 27 consecutive years, with dividends increasing by over 24% in just the past five years, resulting in a compounded annual growth rate of 4.4%.
As a result, the stock not only currently provides an attractive yield of approximately 6.9%, but also continues to increase passive income for investors each year, making it one of the most compelling Multiple Exchange stocks to buy and hold for decades.
