Dividend Stocks Sitting Outside the AI Power Trade -- And Still Winning

The piece argues that investors fixated on AI infrastructure may be overlooking beneficiaries of electricity demand and, beyond that, the midstream energy sector. It frames AI as a computer program that still depends on reliable power, with utilities and power providers potentially facing a “step change” in electricity demand. Then it shifts to midstream companies—Enterprise Products Partners, Enbridge, and Energy Transfer—describing them as infrastructure owners that earn mostly fees based on volumes moved rather than commodity prices. The article highlights yields up to 6.3% and points to U.S. energy demand expected to rise 60% between 2025 and 2045, supporting more pipeline capacity and natural gas transport. It also cites Enbridge’s 31-year dividend streak and notes currency fluctuations for U.S. investors receiving Canadian-dollar dividends.