Investors seeking dependable passive income that keeps growing over time could consider high-yield dividend stocks with the ability to increase their distributions year after year. The reliable dividend payers and growers are backed by resilient business models generating steady earnings and cash flows across economic cycles.
In this context, Enbridge (ENB) is a top choice for passive income investors. The company has a proven history of dividend payments and growth. Moreover, its forward annual dividend of $2.85 per share yields 5.4%. Further, Enbridge is well-positioned to continue growing its dividends year after year.
