Enbridge (NYSE: ENB) has grown at a healthy clip over the past couple of decades. In the 24 years from 1996 through 2019, the Canadian energy infrastructure giant increased its dividend at an 11% compound annual rate. That growth trend appears likely to continue since the company already has some growth visibility into the next decade. At the moment it has CA$10 billion Canadian dollars' ($7.5 billion) worth of expansion projects under construction that should come online between 2020 and 2023. Those projects help support Enbridge's view that it can grow its cash flow per share by an annual rate of 5% to 7% over the long term.
The company is working on adding even more expansions to its backlog to further increase its growth visibility well into the next decade. Here's a look at what Enbridge has coming down the pipeline.