{"id":4576,"date":"2026-10-05T10:40:22","date_gmt":"2026-10-05T10:40:22","guid":{"rendered":"https:\/\/smartinvestingschronicle.com\/index.php\/2026\/10\/05\/2-canadian-dividend-stocks-id-buy-and-hold-for-life\/"},"modified":"2026-10-05T10:40:22","modified_gmt":"2026-10-05T10:40:22","slug":"2-canadian-dividend-stocks-id-buy-and-hold-for-life","status":"publish","type":"post","link":"https:\/\/smartinvestingschronicle.com\/index.php\/2026\/10\/05\/2-canadian-dividend-stocks-id-buy-and-hold-for-life\/","title":{"rendered":"2 Canadian Dividend Stocks I’d Buy and Hold for Life"},"content":{"rendered":"
\n

The idea of holding a stock for life only works if the business you are investing in can keep changing with the world around it. Simply put, more than a solid past, the company needs assets that remain useful, management willing to invest, and enough financial strength to keep rewarding shareholders along the way.<\/p>\n

In this article, I\u2019ll look at two fundamentally strong Canadian dividend stocks that combine steady payouts with businesses that could stay relevant for decades.<\/p>\n

\n

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

AltaGas<\/h2>\n

If you want a Canadian dividend stock backed by essential infrastructure and a growing business, AltaGas<\/strong> (TSX: ALA) could be a compelling stock to focus on. This Calgary-based energy infrastructure firm operates through its Midstream and Utilities businesses. Its operations include natural gas utilities, processing, fractionation, and storage.<\/p>\n

After gaining 22% over the last year, ALA stock trades around $53 per share with a market cap of $16.5 billion and a 2.5% annualized dividend yield.<\/p>\n

More importantly, AltaGas is backing that market performance with improving results. In the June quarter, its normalized EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed 14% year-over-year (YoY) to $391 million.<\/p>\n

Its Midstream business provided much of that growth. The company\u2019s segment normalized EBITDA jumped 33% YoY to $285 million as global export volumes and margins improved, and Pipestone II added to results. AltaGas also exported a record 144,420 barrels per day of liquefied petroleum gases to Asia, up 13% YoY.<\/p>\n

In addition, AltaGas continues to invest for the future. Its REEF Phase I was about 85% complete, while the new Northeast British Columbia liquids expansion and Groundbirch Rail Terminal initiatives should further expand the company\u2019s Midstream footprint.<\/p>\n

Growing earnings, expanding infrastructure, and regular dividends give AltaGas many of the qualities long-term investors want from a stock they can own for decades.<\/p>\n

Brookfield Renewable Partners<\/h2>\n

Another dividend stock built around strong assets that could remain important for generations is Brookfield Renewable Partners<\/strong> (TSX: BEP.UN).<\/p>\n

This company operates a large global portfolio spanning hydroelectric, wind, utility-scale solar, distributed energy, storage, and other sustainable solutions.<\/p>\n

At the time of writing, its units traded around $40 per unit with a market cap of roughly $19 billion. Its units have risen about 10% over the last year and currently offer an attractive 5.5% yearly distribution yield.<\/p>\n

Despite some recent market volatility, Brookfield Renewable\u2019s underlying business continues to grow. In the second quarter, its funds from operations (FFO) reached a record US$421 million, up 13% YoY. The hydroelectric segment was especially strong, with the company\u2019s FFO reaching US$336 million. Strong generation from its Canadian fleet, solid performance in Colombia, and gains from asset recycling helped drive those results.<\/p>\n

Last quarter, Brookfield Renewable committed or deployed about US$5 billion, including an agreement to acquire Aypa for roughly US$3 billion. Its battery storage platform has about 3,000 megawatts of operating and under-construction assets, along with a large development pipeline.<\/p>\n

For long-term dividend investors, Brookfield Renewable offers a 5.5% yield with a diversified global power portfolio and an extensive development pipeline. Those qualities make it an attractive dividend stock to keep in a portfolio through multiple market cycles.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The idea of holding a stock for life only works if the business you are investing in can keep changing with the world around it. Simply put, more than a solid past, the company needs assets that remain useful, management willing to invest, and enough financial strength to keep rewarding shareholders along the way. In […]<\/p>\n","protected":false},"author":1,"featured_media":4577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/4576","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=4576"}],"version-history":[{"count":0,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/4576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/media\/4577"}],"wp:attachment":[{"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=4576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=4576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smartinvestingschronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=4576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}