Dividend yield for 2012 is 3% (dividend paid in Canadian dollars, divided by Canadian share price). There is a U.S. resident participatory dividend reinvestment plan. Using a simple dividend growth model, Enbridge today is approximately fairly valued assuming an 8% dividend growth rate going forward. Before you scoff at that number as being unattainable, realize that the trailing 59-year annualized dividend growth rate is north of 10%. Relative valuation multiples are at the higher end of recent history; however, the company is in the midst of an asset build out. I believe future revenues, earnings, and cash flows will be higher, and that the valuation multiples will catch up to today's price. Finally, while there's no getting around the fact that handling oil can be a dirty business, the socially responsible investor should consider Enbridge's growing wind and alternative generation assets, corporate responsibility ethos ( it gets its own website ), and greenhouse gas reduction commitment.