Discovering yield in immediately’s setting isn’t simple. Yields on protected investments like authorities bonds are negligible. Even company bond yields are missing. So how can Canadian retirees get the revenue they should assist their retirement wants? Properly, possibly by contemplating high-yield dividend shares.
Let’s check out two high-yield dividend shares which are good choices for protected and dependable revenue.
Supply: Getty Photographs
Enbridge
As considered one of North America’s main vitality infrastructure firms, Enbridge Inc. (TSX: ENB) has confirmed its endurance and its reliability as a dividend payer. Right this moment, the inventory is yielding a really beneficiant 5.4%. For my part, this excessive yield doesn’t carry the chance that it implies. It’s, subsequently, a extremely enticing choice if you happen to’re looking for high-yield dividend shares.
To additional the funding case for Enbridge, let’s evaluate the corporate’s enterprise in addition to its dividend historical past. The factor about Enbridge that units it aside as a low-risk dividend inventory is its low-risk enterprise. This enterprise features a utilities phasea gasoline transmission phase, and a gasoline distribution phase.
The revenues from these companies are protected by both regulation or long-term contracts. This breeds consistency and reliability, which is mirrored in Enbridge’s long-term outcomes. For instance, Enbridge has 31 consecutive years of dividend will increase underneath its belt. Additionally, administration has met its steering for 20 consecutive years. This all speaks to the predictability of Enbridge’s enterprise – one thing we wish to search for in a dividend inventory.
Right this moment, Enbridge continues to thrive and look ahead to many alternatives for development. In its newest quarter, the corporate achieved report earnings and money flows, as robust vitality demand supported robust volumes and asset utilization. Wanting forward, Enbridge’s development backlog has elevated 35% for the reason that firm’s investor day final March.
All of this makes Enbridge among the finest dividend shares in Canada and one which retirees ought to contemplate.
Telus
As a number one telecom firm, Telus Corp. (TSX:T) has been hit by the altering and difficult setting for Canadian telecoms. Elevated competitors, falling cellular costs, and a heavy debt load took their toll. This led Telus to place a halt on its dividend development program. All of this despatched Telus’ inventory tumbling. As you may see from the graph under, Telus’ inventory has fallen 35% within the final three years.
However right here we’re immediately. Telus is a high-yield dividend inventory, yielding 9%, and Canadian retirees have the chance for some critical yield. Administration has dedicated to restoration – boosting its money flows and its status as one of the vital dependable dividend development tales.
In 2025, Telus continued to work to cut back debt and strengthen the enterprise. Earnings per share (EPS) elevated 9%, and working money movement was according to the prior 12 months. Wanting forward, Telus expects 2026 to see modest development in adjusted earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) of two% to 4%. The corporate additionally expects 10% development in free money movement, because it reduces capital expenditures and focuses on synergies and efficiencies.
Telus is among the finest dividend shares in Canada immediately, providing traders a chance for an virtually 9% yield. There are actually some challenges that Telus is dealing with, however I feel the variety of its enterprise in addition to its development prospects make it a sensible wager.