Enbridge boosts its dividend yield to 6.74% while securing over 50 data center projects amid C3.ai’s revenue decline and legal troubles.
Enbridge Inc. announced its 31st consecutive annual dividend increase, raising its yield to 6.74%, as the company capitalizes on growing demand from AI data center infrastructure. The pipeline giant is advancing more than 50 data center opportunities, positioning itself as a key player in hyperscaler buildouts with stable, long-term guidance beats.
In contrast, C3.ai reported a 46.1% year-over-year revenue decline to $53.26 million in Q3 FY26, missing consensus by nearly 30%. The company’s GAAP gross margin collapsed to 17% from 59% a year earlier, while free cash flow worsened to negative $56.2 million. Legal challenges, including a fraud investigation and securities class action lawsuits, further weigh on its outlook.
Enbridge’s lower valuation multiple and consistent performance highlight its resilience amid broader market volatility, particularly as software valuations face pressure. The company’s focus on energy infrastructure for AI data centers contrasts sharply with C3.ai’s deteriorating fundamentals.