The Globe and Mail reports in its Wednesday, Jan. 23, edition that Bissett Canadian Dividend Fund and Bissett Dividend Income Fund co-lead manager Ryan Crowther likes dividends stocks, particularly Enbridge ($43.80). The Globe's John Heinzl writes in the Yield Hog column that Mr. Crowther employs a bottom-up approach to identify companies that can deliver an attractive total return from both dividends and capital gains. "We like dividends, but growth is very important to us." Enbridge yields 2.9 per cent yearly. It has a comfortable payout ratio of 69.1 per cent. Its five-year annualized dividend growth stands at 12.9 per cent. Enbridge is one of those stocks that, based on its ever-rising chart, always seems pricey. But given the pipeline company's robust growth outlook, "it's not an expensive stock," Mr. Crowther says. Indeed, Enbridge has about $30-billion of "secured" and "highly certain" projects on the way, and is projecting double-digit growth in earnings and dividends annually for the next five years. Although it faces political risks -- notably with the proposed Northern Gateway pipeline -- the stock is still attractive even if some projects do not go ahead, says Mr. Crowther.