RE:Motley Fool recommendation QUOTE :
Why do I like IPL?
In November, I highlighted three reasons I like IPL stock. While solid earnings and a European expansion were at the top of the list, it was the company’s dividend history that stood out for me.
Inter Pipeline increased its annual dividend in 2018 for the 10th consecutive year. I thought I’d seen somewhere that it was 15 years, but that’s incorrect. Nonetheless, 10 years is pretty darn good for an industry that’s seen its share of trouble in recent years.
As Da Costa pointed out, Inter Pipeline’s grown its dividend by 7.3% compounded annually over the past decade, and 5.3% annually over the past five years. Any time you can find a company with 5% annual dividend growth, you’ve got an attractive stock in front of you.
That’s because dividend growth follows earnings growth.
Stable revenue and income make IPLs 8.2% dividend yield as a sure a bet as you’re going to find over 8%.