Stocks with wide "economic moats" are viewed as having durable competitive advantages. Enbridge He describes Enbridge as "rare opportunity to acquire a long-time investor favorite at a discount." The company recently marked its 29th consecutive year of dividend increases, with a 3.1% rise in its quarterly dividends to 9.50 cents per share. This brings its annual dividend payout to $3.66 per share. Morningstar has a fair value estimate of 56 Canadian dollars ($41) on the stock, giving it around 16.7% potential upside.