The Globe and Mail reports in its Wednesday, Sept. 10, edition that Enbridge ($56.08) has been a steady dividend grower. The Globe's John Heinzl writes in the Yield Hog column that over the past five years, Enbridge's dividend has increased at an impressive annualized rate of 13.6 per cent. The company typically announces dividend hikes in December. Mr. Heinzl expects Enbridge will come through with another double-digit increase toward the end of 2014. He says it is possible that Enbridge's coming increase could be bigger than usual. Scotia Capital analyst Matthew Akman says Enbridge should consider increasing its dividend payout ratio, which is currently targeted at 60 to 70 per cent of earnings -- lower than many of its peers. An increase in Enbridge's payout ratio would not just put more cash in investors' pockets, it would also likely give the stock a boost. Whether Enbridge raises its payout ratio or not, Mr. Heinzl is still a big fan of the company and plans to buy more shares. CIBC World Markets analyst Paul Lechem reiterated his "sector outperformer" rating on Enbridge in The Globe on June 26. The shares could then be had for $50.63.