Global energy demand continues to climb—and the trend shows no sign of slowing down. This long-term reality is driving strong tailwinds for utility and energy infrastructure companies, making them some of the most attractive options for reliable, long-term dividend income.
Here are two of my top dividend stock picks to buy today for consistent and growing payouts.
Also Read: Reliable TSX dividend stocks 2025
AltaGas (TSX:ALA): Solid 3% Dividend Yield with Strong Growth Momentum
AltaGas is a diversified energy infrastructure and utility company that’s capitalizing on both near- and long-term growth trends. The company operates in two main segments—midstream and utilities—both of which are experiencing strong demand.
In its most recent quarter (Q2 2025), AltaGas reported a 16% year-over-year increase in EBITDA, reaching $342 million. Notably, the midstream segment contributed 63% of total EBITDA, while utilities made up about 40%—highlighting the company’s balanced exposure to both growth and stability.
Key takeaways from the quarter include:
- Continued reduction in leverage
- Operational de-risking
- A robust pipeline of growth projects
These are all supported by strong energy demand and stable fundamentals.
While the current dividend yield of 3% is slightly lower than historical averages, that’s largely due to AltaGas’s strong stock performance—with shares up 170% over the past five years, including a 28% gain in the past year alone. The lower yield reflects investor confidence and solid capital appreciation.
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Enbridge (TSX:ENB): 5.5% Dividend Yield and 30 Years of Increases
Enbridge is a powerhouse in the North American energy infrastructure space, with a broad and diversified network spanning liquids pipelines, natural gas infrastructure, utilities, storage, and renewables.
The company is also benefitting from the long-term growth in energy demand. Enbridge’s strategic pivot into the utilities sector, including the acquisition of three major U.S. gas utilities, has added greater earnings stability and predictability to its business model.
In its most recent quarter, Enbridge posted a 12% increase in earnings per share, beating analyst expectations. The results were fueled by:
- Record volumes
- Strong demand across its network
- Contributions from recently acquired U.S. utility assets
These strong fundamentals put Enbridge on track to hit the upper end of its full-year guidance.
Enbridge is also a dividend growth stalwart, having just marked its 30th consecutive year of dividend increases. On top of its impressive 5.5% yield, the stock has delivered an 80% total return over the past five years, and is up 25% over the past year.
Final Thoughts
Both AltaGas and Enbridge are well-positioned to benefit from rising global energy demand, and both offer compelling dividend income potential. AltaGas provides a mix of growth and income, while Enbridge stands out as a reliable high-yield option with a strong dividend growth track record.
For investors seeking dependable income with upside potential, these two stocks deserve a spot on your watchlist—or in your portfolio.
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