5 Canadian Dividend Stocks to Buy Now and Hold for 20 More Years
Written by Amy Legate-Wolfe at The Motley Fool Canada
There's something comforting about dividend stocks. When the market zigs and zags and investors scramble to guess what's next, dividends just keep rolling in. That's why long-term investors often love dividend-paying companies, especially those with a track record of consistency. If you're thinking about building a portfolio for the next 20 years, these five Canadian dividend stocks deserve a spot on your radar.
Let's start with some real estate investment trusts (REIT) like H&R REIT (TSX:HR.UN). This REIT focuses on a mix of office, residential, industrial, and retail properties. Over the years, it has transformed itself to adapt to changing trends, including a recent pivot toward residential and industrial assets. As of early June 2025, shares trade around $8.27 with a dividend yield near 7.3%. HR.UN pays $0.05 monthly per unit. In its most recent quarterly earnings, H&R posted property operating income of $121.2 million, up slightly year over year. It's a steadily performing REIT, and with rising demand for well-located residential housing and industrial properties, it's positioned to keep rewarding patient investors.
Primaris REIT (TSX:PMZ.UN) might fly under the radar, but it offers something special: exposure to Canadian enclosed shopping centres. While the retail world has changed a lot in recent years, Primaris owns properties in strong locations with steady foot traffic. In 2024, revenue rose 22% to $501.9 million. Despite higher operating expenses, it still posted net income of $79.5 million. PMZ.UN pays a monthly distribution of $0.07, or $0.84 annually, yielding over 6% at today's price of around $13.50.
Then there's Granite REIT (TSX:GRT.UN). This REIT is all about industrial properties – think warehouses, logistics centres, and distribution hubs. With long-term tenants, it offers stability you can count on. In Q1 2025, Granite posted rental revenue of $146 million and funds from operations per unit of $1.46. It currently pays $0.267 monthly, or $3.20 annually, yielding just under 4.5%. With e-commerce and logistics not going away anytime soon, Granite looks like a rock-solid bet for the long term.
Now let's look at stocks that aren't going anywhere. Canadian Utilities (TSX:CU) is one of the most reliable dividend payers in the country. It has increased its dividend every year for more than 50 years, with the longest streak of any publicly traded Canadian company. The dividend stock provides electricity, natural gas, and related infrastructure services across Alberta and globally. In its Q1 2025 earnings, it posted adjusted earnings of $232 million, compared to $203 million in the previous quarter. CU stock's dividend yield is around 5.3%, and it pays out $0.4533 per quarter. For conservative investors who want reliability and compounding power, CU is tough to beat.
Finally, there's Rogers Communications (TSX:RCI.B). Everyone knows Rogers. Whether it's your phone bill or your internet connection, Rogers has a role in many households. It also owns a chunk of Canadian media through Sportsnet and its interest in Maple Leaf Sports & Entertainment. After a major merger with Shaw Communications, Rogers is now the biggest wireless provider in the country. In Q1 2025, it reported revenue of $3.5 billion and net income of $366 million. It pays a dividend of $2 annually, yielding about 5.5%. With wireless services essentially a utility now, Rogers offers both growth and income potential.
Each of these dividend stocks operates in a different sector, giving you natural diversification. Real estate, utilities, telecom – they all move differently, and that's what makes them so appealing for a long-term investor. When one dips, another might hold steady, and over time, you can build wealth slowly and steadily.
So how much could you make from investing around $5,000 in each stock? That would shake out to about $1,248 annually, or about $104 on average per month with a mix of quarterly and monthly payouts.
COMPANY
RECENT PRICE
NUMBER OF SHARES
DIVIDEND
TOTAL PAYOUT
FREQUENCY
INVESTMENT TOTAL
HR.UN
$10.58
472
$0.60
$283.20
Monthly
$4,993.76
GRT.UN
$69.20
72
$3.20
$230.40
Monthly
$4,982.40
CU
$38.36
130
$1.78
$231.40
Quarterly
$4,986.80
PMZ.UN
$15.11
330
$0.70
$231.00
Monthly
$4,986.30
RCI.B
$36.50
136
$2.00
$272.00
Quarterly
$4,964.00
The best part? You don't need to time the market perfectly. If you reinvest the dividends, keep holding, and let time do the work, these stocks could pay off for decades.
The post 5 Canadian Dividend Stocks to Buy Now and Hold for 20 More Years appeared first on The Motley Fool Canada.
More reading
Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS]
Market Volatility Toolkit
Best Canadian Stocks to Buy in 2025
Beginner Investors: 4 Top Canadian Stocks to Buy for 2025
5 Years From Now, You'll Probably Wish You Grabbed These Stocks
Subscribe to Motley Fool Canada on YouTube
Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Granite Real Estate Investment Trust, Primaris Real Estate Investment Trust, and Rogers Communications. The Motley Fool has a disclosure policy.
2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
2 hours ago
- Hamilton Spectator
Mullen Group Ltd. Announces Declaration of Monthly Dividend
OKOTOKS, Alberta, June 20, 2025 (GLOBE NEWSWIRE) — (TSX: MTL) The Board of Directors of Mullen Group Ltd. ('Mullen Group', 'We', 'Our' and/or the 'Corporation') announced today that it has declared a monthly dividend of $0.07 per Common Share payable to the holders of record of Common Shares at the close of business on June 30, 2025. The dividend will be paid on July 15, 2025. For Canadian resident shareholders, this dividend is designated as an 'eligible dividend' for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation. About Mullen Group Ltd. Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation. In addition, our businesses provide a diverse set of specialized services related to the energy, mining, forestry and construction industries in western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services and strategic planning to its independent businesses. Mullen Group is listed on the Toronto Stock Exchange under the symbol ' MTL '. Additional information is available on our website at or on the Corporation's issuer profile on SEDAR+ at . Contact Information Mr. Murray K. Mullen - Chair, Senior Executive Officer and President Mr. Richard J. Maloney - Senior Operating Officer Mr. Carson P. Urlacher - Senior Financial Officer Ms. Joanna K. Scott - Senior Corporate Officer 121A - 31 Southridge Drive Okotoks, Alberta, Canada T1S 2N3 Telephone: 403-995-5200 Fax: 403-995-5296
Yahoo
2 hours ago
- Yahoo
BMO to acquire Burgundy Asset Management for $456m
BMO has agreed to acquire Toronto-headquartered Burgundy Asset Management for approximately C$625m ($456.2m) The acquisition aims to enhance BMO Wealth Management's offerings in the Canadian Investment Counsel space, targeting high-net-worth and ultra-high-net-worth clients. Burgundy, an independent wealth manager, managed around C$27bn in assets as of 31 May 2025. The deal consideration of C$625m will be paid in BMO common shares, with a $125m holdback contingent on Burgundy maintaining certain assets under management 18 months post-closing. It also includes an earn-out element, depending on the fulfilment of future growth targets. The deal is slated for completion by the end of 2025, contingent on regulatory approvals and other standard closing conditions. Upon completion, Burgundy will operate under BMO Wealth Management, remaining under the leadership of its existing CEO, Robert Sankey. Co-founders Tony Arrell and Richard Rooney will continue their roles within the organisation. Established in 1990, Burgundy employs 150 staff members and caters to clients from its offices in Toronto, Vancouver, and Montreal. KMS Capital, Origin Merchant Partners, and PJT Partners were financial advisors to Burgundy, while Torys provided legal counsel. BMO Capital Markets served as BMO's exclusive financial advisor, with Osler, Hoskin & Harcourt acting as legal counsel. BMO Financial Group group head of wealth management Deland Kamanga said: 'Burgundy Asset Management is one of Canada's most respected independent investment managers known for its high calibre team, rigorous investment process and dedicated service to private clients, institutions and family offices. 'The acquisition will build on BMO's heritage as a client-focused wealth manager while expanding our wealth advice and private investment counsel offering.' Burgundy chairman and co-founder Tony Arrell said: 'It has always been our intention to build Burgundy for the long run, so we can serve our clients and their families across generations. 'We are happy to be joining BMO, a North American leader, and believe this is a great opportunity to continue to serve our clients well into the future.' In March 2024, BMO Global Asset Management partnered with Carlyle to offer a globally diversified private equity portfolio, marking its third agreement to increase private markets' availability for Canadian accredited investors. BMO GAM will provide evergreen and closed-end funds to these investors through offering memorandums. "BMO to acquire Burgundy Asset Management for $456m " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
BMO to buy wealth manager Burgundy in $456M deal
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. BMO agreed to acquire Toronto-based Burgundy Asset Management in a C$625 million ($456 million) deal expected to close by the end of the year, the institutions announced Thursday. 'In large part due to Burgundy's success, we have found it more difficult than expected to transition ownership of Burgundy from the founders and current leadership to the next generation of our people,' Tony Arrell, a co-founder of the wealth manager, told clients Thursday in a note seen by The Globe and Mail. BMO will hold back C$125 million of the purchase price on the condition that Burgundy maintains a minimum threshold of assets under management for 18 months after the deal closes. Burgundy counted $27 billion in AUM as of May 31. With the acquisition, BMO aims to boost its offerings that cater to high-net-worth and ultra-high-net-worth clients. After the transaction closes, Burgundy – which has 150 employees, along with offices in Toronto, Vancouver and Montreal – will operate as a part of BMO Wealth Management. Burgundy CEO Robert Sankey will continue to run the business. Arrell and fellow co-founder Richard Rooney will also remain with the business, BMO said. "It has always been our intention to build Burgundy for the long run, so we can serve our clients and their families across generations," Arrell said in a press release. 'After long study and much discussion, we ultimately determined that joining BMO, the strongest possible partner, offered the best path forward,' he said in the note to clients. BMO's pending purchase of Burgundy arguably represents a turn toward its home country of Canada as a pillar of growth. Historically, the U.S. has been a target for growth among Canadian lenders, but relations between the two neighbors have soured amid President Donald Trump's return to the White House, subsequent needling on tariffs, and persistent unsolicited comments that Canada should consider joining the U.S. Another Canadian lender, TD, has been trimming its U.S. exposure – though that likely is in response to a $434 billion asset cap regulators have put on the bank's U.S. retail business. The cap came in addition to more than $3 billion in penalties U.S. agencies handed the bank in October over deficiencies found in its money laundering safeguards. TD has since sold a $9 billion residential mortgage portfolio to Bank of America and signaled it would wind down a $3 billion portfolio tied to its U.S. point-of-sale financing business. Otherwise, investment in the U.S. by Canadian lenders has been touted as a source of strength. BMO in 2023 bought San Francisco-based Bank of the West in a $16.3 billion deal. Scotiabank agreed last August to take a nearly 15% stake in Cleveland-based KeyBank. And Royal Bank of Canada last year chose its longtime co-head of U.S. investment banking to serve as the Toronto lender's global head of investment banking – perhaps signaling the importance of the U.S. to the bank overall. As it stands, more than half of Burgundy's institutional client business comes from Canada, while 37% is in the U.S., according to the wealth manager's website. BMO Wealth Management, meanwhile, derived 19% of its net revenue last year from the U.S., according to Bloomberg. The BMO arm counted C$438 billion under management as of April 30. In a note to clients Thursday, Jefferies analyst John Aiken wrote that BMO's 'purchase price of 2.3% of assets under management represents reasonable value to expand [the bank's] high-net-worth client base.' Desjardins Securities analyst Doug Young said the deal aligns with BMO's plan to attain a 15% return on equity in the medium term, saying the price was 'in line with similar past transactions.' In another add-on to the deal, an earn-out component may also be paid depending on whether Burgundy hits certain growth targets. "Burgundy Asset Management is one of Canada's most respected independent investment managers known for its high calibre team, rigorous investment process and dedicated service to private clients, institutions and family offices," Deland Kamanga, group head of wealth management at BMO, said in Thursday's release. "The acquisition will build on BMO's heritage as a client-focused wealth manager while expanding our wealth advice and private investment counsel offering." Sign in to access your portfolio
