The Globe and Mail reports in its Wednesday, July 18, edition that Enbridge ($45.49) is a great dividend stock worth thinking about buying. The Globe's John Heinzl writes in the Yield Hog column that Enbridge shares pay a dividend of 5.9 per cent. Shares of Enbridge have gained about 4 per cent since June 28, when the Minnesota Public Utilities Commission approved -- with minor modifications and conditions -- the company's controversial Line 3 replacement project. Yet, analysts say the stock still has room to run. Although L3R could still face legal challenges, "the decision materially reduces the risk for this project," CIBC World Markets analyst Robert Catellier said in a note. Enbridge delivered more good news the following week when it announced the sale of its natural gas gathering and processing business in Western Canada to Brookfield Infrastructure Partners LP for $4.31-billion in cash, enhancing Enbridge's financial flexibility as it seeks to finance its ambitious growth plans.