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Highlights

  • Enbridge’s current dividend yield is 5.5%, lower than its historical average of around 7%.
  • Telus offers a 7.6% dividend yield, influenced by dividend increases and a falling stock price.
  • Both companies maintain regular dividend payments despite challenges in their respective sectors.

In the current market environment, several Canadian companies continue to offer relatively high dividend yields compared to the broader market. Among these, Enbridge Inc. (TSX:ENB) and Telus (TSX:T) stand out due to their long histories of dividend payments and yields that remain attractive despite recent market changes. Both companies operate in essential industries—energy infrastructure and telecommunications.

Enbridge Inc. (TSX:ENB)

Enbridge is a Canadian pipeline and energy infrastructure company. As of 2025, its shares yield approximately 5.5%. This level is below its historical average. Over the past decade, Enbridge's dividend yield has typically ranged from 6.5% to 7%, with a brief spike to 12% during the 2020 market downturn.

The company’s business model is based on transporting crude oil and natural gas through long-term contracts. In recent years, Enbridge has also expanded into gas utilities and renewable energy projects. Despite fluctuations in its stock price and changes in the energy sector, Enbridge has continued to distribute dividends on a regular basis.

Telus (TSX:T)

Telus is a major Canadian telecommunications company. Its dividend yield has reached 7.6% in 2025. This level has resulted from ongoing dividend increases and a declining share price.

The Canadian telecom sector has experienced limited revenue increases and declining profit margins. These conditions have contributed to lower valuations across the industry. Telus, like its peers, has faced market pressure. However, the company maintains a stable subscriber base and continues to invest in digital infrastructure and adjacent service areas, such as healthcare.

Telus has maintained consistent dividend payments over an extended period, with regular increases. The current yield reflects both its payout policy and market sentiment toward the sector.