2 High-Yield Dividend Stocks That Look Built to Hold for 10 Years or More

Buying and holding high-yield dividend stocks can enhance the income potential of your portfolio. The key, however, is to focus on companies with strong fundamentals, consistent profitability, and a proven track record of maintaining reliable dividend payouts across market cycles. These Canadian stocks are built to hold for 10 years or more, thanks to their durable payouts.

With that in mind, here are two Canadian dividend stocks offering high yields of over 6% worth owning for the next 10 years.

High-yield dividend stock #1: SmartCentres REIT

SmartCentres REIT (TSX:SRU.UN) is a dependable high-yield dividend stock to hold for the next 10 years or more. The real estate investment trust (REIT) distributes $0.154 per unit per month, yielding about 6.4% annually.

Its dividend is supported by resilient cash flow generated from a high-quality portfolio of retail and mixed-use properties located in prime markets. These strategic locations help maintain high occupancy levels, drive consistent leasing demand, and secure higher rents during renewals.

That strength is already showing up in the numbers. In the first quarter of 2026, SmartCentres reported an impressive 97.6% occupancy rate, while rent collection remained near 99%. Leasing momentum also stayed strong, with renewal rental rates climbing 11.5% excluding anchor tenants. Meanwhile, same-property net operating income (NOI) increased 3.4%, supported by stable tenant demand, rising base rents, and healthy customer traffic across its retail portfolio.

Another key advantage is the REIT’s financially strong tenant base, which helps ensure dependable rent collection even during periods of economic uncertainty. That stability lowers counterparty risk and strengthens the reliability of its monthly distributions.

Beyond its core retail operations, SmartCentres is also building future growth engines through an expanding pipeline of mixed-use and residential developments. This diversification strategy could unlock additional long-term revenue streams while reducing reliance on traditional retail income alone.

Importantly, the REIT’s solid balance sheet and a large underutilized landbank provide additional flexibility for future expansion. Its ongoing retail intensification and development projects are expected to support higher funds from operations (FFO) over time, strengthening the sustainability of its distributions.

High-yield dividend stock #2: Firm Capital

Firm Capital Mortgage Investment Corporation (TSX:FC) is an attractive high-yield dividend stock for long-term income investors. The company specializes in short-term residential and commercial real estate lending through its mortgage banking platform, offering financing solutions that include construction loans, bridge financing, mezzanine debt, and equity investments.

Firm Capital focuses on short-duration, lower-risk loans that are often overlooked by traditional lenders. This strategy has helped it generate reliable cash flow across varying market conditions.

It has an exceptional dividend track record. Firm Capital has paid uninterrupted monthly dividends since 2013, making it a dependable option for passive-income portfolios. Currently, the company pays a $0.078-per-share dividend, yielding more than 7.8%. On top of that, shareholders have also benefited from special year-end dividends, boosting total income.

The company’s payout stability is supported by a diversified mortgage portfolio with exposure to resilient real estate segments, including residential construction and land development. In addition, recurring lending fees and predictable interest income provide a solid foundation for sustaining its high yield.

The post 2 High-Yield Dividend Stocks That Look Built to Hold for 10 Years or More appeared first on The Motley Fool Canada.

Should you invest $1,000 in SmartCentres Real Estate Investment Trust right now?

When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for a decade, Motley Fool Stock Advisor Canada, is beating the TSX by 9 percentage points.*

They revealed what they believe are 10 TSX Stocks for 2026… and SmartCentres Real Estate Investment Trust made the list – but there are 9 other stocks you may be overlooking.

Don’t miss out on our Top 10 TSX Stocks for 2026, available when you join our mailing list!

Get the 10 stocks instantly #start_btn5 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn5 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn5 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn5 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of April 20th, 2026

More reading

• A Simple Way for Canadians to Earn $500 a Month Tax-Free From a TFSA
• Is Now the Moment to Buy This TSX REIT?
• The Average TFSA Balance for Canadians at 55
• 4 Canadian Dividend Stocks to Buy If You Want $500 a Month
• 2 Safer High-Yield Dividend Picks for Canadian Retirees

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy.