Canadian and Australian dividend stocks highlighted for retirees

Enbridge (TSX:ENB) and Canadian Utilities (TSX:CU) are presented as stable Canadian dividend stocks for retirees. Enbridge, an energy‑infrastructure firm, pays a dividend yield of about 5% and targets a payout ratio of 60‑70% of distributable cash flow, supported by regulated assets and a $39 billion project backlog. Canadian Utilities has increased its dividend for 54 consecutive years and plans to invest roughly $12 billion in regulated assets through 2030, aiming to sustain steady earnings and payouts.

In Australia, WAM Leaders Ltd (ASX:WLE) and Hearts and Minds Investments Ltd (ASX:HM1) are highlighted for their high dividend yields above 9%. WAM Leaders, an active listed investment company, targets a grossed‑up yield of 10.4% for FY26, backed by a profit reserve. Hearts and Minds, another LIC, aims for a grossed‑up yield of 9.8% in FY26, trades at a 20% discount to its net tangible assets, and donates management fees to medical‑research charities.