{"id":4295,"date":"2026-08-26T09:04:00","date_gmt":"2026-08-26T09:04:00","guid":{"rendered":"https:\/\/smartinvestingschronicle.com\/index.php\/2026\/08\/26\/this-canadian-dividend-stock-is-down-15-im-holding-forever\/"},"modified":"2026-08-26T09:04:00","modified_gmt":"2026-08-26T09:04:00","slug":"this-canadian-dividend-stock-is-down-15-im-holding-forever","status":"publish","type":"post","link":"https:\/\/smartinvestingschronicle.com\/index.php\/2026\/08\/26\/this-canadian-dividend-stock-is-down-15-im-holding-forever\/","title":{"rendered":"This Canadian Dividend Stock Is Down 15%: I’m Holding Forever"},"content":{"rendered":"
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Long-term Canadian investors should consider buying quality dividend stocks on every major dip. One such TSX dividend stock is Brookfield Corp <\/strong>(TSX:BN), down more than 15% from its all-time highs.<\/p>\n

Here is why long-term Canadian dividend investors should pay attention.<\/p>\n

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Source: Getty Images<\/p>\n<\/figcaption><\/figure>\n

The bull case of investing in this TSX dividend stock<\/strong><\/h2>\n

Brookfield is a global investment firm built around three core businesses: asset management, wealth solutions, and operating businesses in real estate, infrastructure, and renewable power.<\/p>\n

Valued at a market cap of $128 billion, Brookfield is among the largest companies in Canada. Despite the ongoing pullback, the TSX stock has returned more than 300% to shareholders in the past decade.<\/p>\n

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Over the last 12 months, Brookfield generated US$5.7 billion in distributable earnings. Its asset management arm raised US$108 billion of new capital, pushing fee-bearing capital up to US$672 billion.<\/p>\n

Its wealth solutions business, which includes insurance, grew total insurance assets to $190 billion after integrating the recently completed acquisition of Just Group in the U.K.<\/p>\n

Over the past year, Brookfield returned $1.5 billion to shareholders, split between $900 million in opportunistic share buybacks and $600 million in dividends.<\/p>\n

The company also completed $170 billion of financing across its businesses, which indicates how easily it can access capital even in a choppy market.<\/p>\n

The track record behind this top dividend stock<\/strong><\/h2>\n

Distributable earnings per share sit at US$2.54, up from US$1.29 five years ago. Comparatively, the annual dividend per share is around $0.28, indicating a payout ratio of around 15%. Thus, Brookfield can easily double its dividend and still have enough cash to reinvest in growth and acquisitions. Brookfield has increased distributable EPS by 15% annually in the last five years.<\/p>\n

On the July call, Brookfield President and Chief Financial Officer Nicholas Goodman told shareholders the company is \u201cexceptionally well positioned to continue scaling our earnings at more than 20% annually over the next 5 years,\u201d pointing to US$2.54 per share growing to US$5.85 per share by 2030 from the core business alone, and US$6.95 per share once capital allocation is factored in.<\/p>\n

Given the 15% payout ratio, BN could increase its annual dividend to more than US$1 per share by 2030, which should increase the yield-at-cost to 2.5%. Brookfield ended Q2 with a strong balance sheet, which carries an A- credit rating and US$188 billion of deployable capital.<\/p>\n

Brookfield also just cleared a major structural milestone.<\/p>\n

Shareholders approved a transaction to combine Brookfield Corporation with Brookfield Wealth Solutions under a single publicly traded company.<\/p>\n

Management framed this as a move to simplify the corporate structure, give the insurance business direct access to Brookfield\u2019s permanent capital base, and open a path toward broader index inclusion over time.<\/p>\n

The deal is expected to close in late 2026, pending court approval and other customary conditions.<\/p>\n

What this means for your dividend portfolio<\/strong><\/h2>\n

None of this guarantees the stock will not fall further in the short term. But when I weigh a temporary price drop against a business compounding distributable earnings at double-digit rates, growing its capital base, and simplifying its structure to unlock more value, I know which side of that trade I want to be on.<\/p>\n

Since 1995, the company says its shareholders have earned an 18% annualized compound return, compared to roughly 11% for the S&P 500 over the same stretch.<\/p>\n

For Canadian dividend investors building a portfolio meant to last decades, a dip in a well-run compounder like Brookfield can be a massive buying opportunity.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Long-term Canadian investors should consider buying quality dividend stocks on every major dip. One such TSX dividend stock is Brookfield Corp (TSX:BN), down more than 15% from its all-time highs. Here is why long-term Canadian dividend investors should pay attention. Source: Getty Images The bull case of investing in this TSX dividend stock Brookfield is […]<\/p>\n","protected":false},"author":1,"featured_media":4296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/4295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=4295"}],"version-history":[{"count":0,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/4295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/media\/4296"}],"wp:attachment":[{"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=4295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=4295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=4295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}