What Has Enbridge (ENB) Stock Done For Investors?
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Enbridge has steadily grown its cash flow and dividend over the past five years.Enbridge (ENB +0.29%) is one of North America's largest energy infrastructure companies. It transports about 30% of the crude oil produced on the continent and almost 20% of the natural gas consumed in the U.S. The Canadian company also operates the largest natural gas utility by volume and is a leading investor in renewable energy. Here's a look at what this leading pipeline and utility stock has done for investors over the past five years. Image source: Getty Images. Drilling down into Enbridge's five-year return The following table illustrates Enbridge's stock price and total return compared to the S&P 500 over the past one-, three-, and five-year periods: One-year Three-year Five-year Enbridge 12.7% 21.9% 39.9% Enbridge (total return with reinvested dividends) 19.4% 48.7% 94.4% S&P 500 12.4% 73.8% 86.6% Data source: Ycharts. Other than the past year, Enbridge's stock price has underperformed the S&P 500 over the last three- and five-year periods. However, the company's total return is much higher when adding in its high-yielding dividend (5.8% current yield). That lucrative dividend income has really added up over the past five years, enabling Enbridge to outperform the broader market index. ExpandNYSE: ENBEnbridgeToday's Change(0.29%) $0.14Current Price$47.55Key Data PointsMarket Cap$104BDay's Range$47.30 - $47.7852wk Range$39.73 - $50.54Volume2.1MAvg Vol3.9MGross Margin32.82%Dividend Yield5.66% What has fueled Enbridge's returns? Enbridge has spent the past several years expanding and diversifying its North American energy infrastructure platform. It has invested heavily in organic capital projects across its four core franchises (liquids pipelines, gas transmission, gas distribution, and power). It has expanded several oil pipelines, built new natural gas pipelines, invested in gas utility capital projects, and developed several renewable energy projects, including offshore wind energy projects in Europe. Advertisement The company has also made several acquisitions over the past few years. The biggest was its transformational deal to buy three U.S. natural gas utilities from Dominion for $14 billion in 2023. That transaction significantly expanded its gas distribution platform, further shifting its earnings mix away from liquids pipelines: Franchise Earnings percentage before the Dominion acquisitions Earnings percentage after the Dominion acquisitions Liquids Pipelines 57% 50% Gas Transmission 28% 25% Gas Distribution 12% 22% Renewable Power 3% 3% Data source: Enbridge. Enbridge's investments have enabled it to grow its earnings, cash flow per share, and dividends at low-to-mid single-digit compound annual rates over the past five years. That earnings growth, combined with the company's high-yielding and steadily rising dividend (it recently extended its dividend growth streak to 31 consecutive years), helped fuel its market-beating total return over the past five years. Slow and steady can win the race Enbridge isn't the fastest-growing company. However, it has done well for investors by growing its earnings at a modest pace, which has allowed the company to steadily increase its high-yielding dividend. That combination of income and growth has really added up over the past five years, giving Enbridge the fuel to produce a market-beating total return. About the AuthorMatt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.TMFmd19X@MatthewDiLalloRead NextDec 4, 2025 •By Matt DiLalloThis Unstoppable 5.6%-Yielding Stock Extends Its Dividend Growth Streak to 31 Years in a RowNov 26, 2025 •By Matt DiLalloWhat Every Enbridge Investor Should Know Before BuyingNov 15, 2025 •By Justin Pope2 Fantastic Dividend Stocks to Buy Right Now for Income and GrowthNov 10, 2025 •By Matt DiLalloThis Magnificent 5.7%-Yielding Dividend Stock Continues to Add More Fuel to Its Growth EngineNov 2, 2025 •By Reuben Gregg BrewerCould Buying Enbridge Stock Today Set You Up for Life?Oct 19, 2025 •By Matt DiLalloWhy I Continue to Buy More of This Amazing High-Yielding Dividend Growth Stock (and Will Likely Keep Adding in 2026)