Three energy firms with over 30 years of annual dividend increases target continued payout growth amid sector shifts to cleaner energy.
Enbridge, ExxonMobil, and NextEra Energy have raised dividends annually for more than three decades, positioning them as long-term income investments. The companies are adapting to energy transition trends while maintaining payout growth trajectories through 2030 and beyond.
Enbridge has shifted its earnings mix, with over half now derived from lower-carbon energy sources, up from a quarter a decade ago. The company has 40 billion Canadian dollars ($28 billion) in secured growth projects, primarily focused on cleaner energy, set to enter service by the early 2030s. An additional CA$50 billion ($35 billion) in potential projects is under consideration.
The energy sector’s evolution toward renewables and natural gas has not disrupted these firms’ ability to sustain dividend growth. Their diversified portfolios and capital investment strategies aim to balance traditional and cleaner energy revenues.