As the new assets go into service Enbridge will see revenue and cash flow increase, and management plans to increase the dividend by 10-12% per year through 2019. The current quarterly distribution of $0.53 per share yields 4.3%. Enbridge has also staged a comeback in recent weeks, but the stock is still trading significantly lower than its 52-week high. A $10,000 investment in Enbridge 20 years ago would be worth $218,000 today with the dividends reinvested. Which should you buy? Both stocks have great track records of dividend growth and share-price appreciation. TD is probably the safer bet at the moment, but Enbridge has outperformed over the past two decades and might have more upside potential in the medium term. I would pick Enbridge right now.