The Globe and Mail reports in its Wednesday edition that Enbridge boosted its dividend on Jan. 5 by 10 per cent to 58.3 cents a quarter, or about $2.33 annually. The Globe's John Heinzl writes in the Yield Hog column that Enbridge now yields 4.1 per cent. Mr. Heinzl says Enbridge's dividend will almost certainly continue to grow for years. Steady dividend growth is the foundation of Mr. Heinzl's investing strategy. He says few companies are as reliable as Enbridge in that regard. In announcing the latest hike, Enbridge cited the strength of its existing business, the impact of $2-billion of growth projects that came into service in 2016 and expectations of further investments coming on stream in 2017. Chief executive officer Al Monaco says, "Delivering consistent and dependable dividend growth is core to our shareholder value proposition and a direct reflection of our low-risk business model, which performs well in all market conditions." Enbridge's acquisition of Spectra will create North America's largest energy infrastructure company and set the stage for further dividend growth. Enbridge aims to raise its dividend by 10 per cent to 12 per cent annually from 2018 through 2024.