2 High-Yield Dividend Stocks to Own for the Next 10 Years

Many Canadian stocks pay dividends, and some offer attractive yields. But only a select few have what it takes to be long-term winners. The best Canadian dividend stocks not only offer a high yield but also have a strong record of consistent dividend payments with sustainable payout ratios. Moreover, these TSX stocks can grow earnings year after year and continue paying dividends in any market.

If you’re looking for high-yield Canadian dividend stocks that you can confidently own for the next 10 years, here are two top picks.

High-Yield dividend stock #1: Enbridge

Investors looking for a reliable high-yield dividend stock to own for the next 10 years could consider Enbridge (TSX:ENB). It has paid dividends for over 70 years and increased its payout every year since 1995. The resilience of its payouts makes the energy infrastructure giant a dependable dividend payer.

Enbridge’s diversified portfolio of regulated and contracted assets, including crude oil and natural gas pipelines, storage facilities, gas utilities, and renewable energy projects, generates solid cash flow. In addition, much of Enbridge’s revenue comes from long-term, take-or-pay contracts, providing steady earnings regardless of commodity price swings. About 80% of its EBITDA is also linked to inflation, helping protect earnings over time.

The company’s extensive network connects major energy-producing regions with key markets, supporting strong asset utilization and steady distributable cash flow (DCF). Meanwhile, management maintains a disciplined payout ratio of 60% to 70% of DCF, leaving room to fund future growth.

Enbridge currently offers a quarterly dividend of $0.97 per share, yielding more than 5%. Its $39 billion secured capital project backlog, largely supported by long-term contracts, provides a strong base for future earnings and cash flow.

In addition, rising electricity demand from AI-driven data centres and ongoing investments in energy transition infrastructure could create additional growth opportunities. Overall, Enbridge is well-positioned to keep growing its earnings and DCF and reward investors with annual dividend increases.

High-Yield dividend stock #2: Whitecap Resources

Whitecap Resources (TSX:WCP) is another high-yield stock to own for the next 10 years. The company has rewarded shareholders with consistent monthly dividends, returning more than $3.2 billion since 2013 across various commodity cycles. This shows the resilience of its distributions.

Whitecap’s diversified portfolio of high-quality assets across multiple premier basins, disciplined capital allocation, and efficient operations support its payouts.

Whitecap’s recent acquisition of Veren has further enhanced its long-term growth prospects. The deal expands production, increases operational scale, and creates opportunities to reduce costs, all of which should help drive higher free cash flow over time.

Whitecap currently pays a monthly dividend of $0.06 per share, yielding about 5% based on its July 7 closing price of $14.87.

The company recently delivered a strong first-quarter performance. Average production came in better than expected, driven by robust well performance, resilient base production, and improved operational execution. Funds flow per share increased 12% year over year, supported by higher production, stronger commodity prices, and lower operating costs.

During the quarter, Whitecap returned $221 million to shareholders through dividends and significantly reduced its net debt. With a conservative dividend payout target of 20% to 25%, Whitecap appears well positioned to maintain its dividend while preserving financial flexibility across commodity price cycles.

The post 2 High-Yield Dividend Stocks to Own for the Next 10 Years appeared first on The Motley Fool Canada.

Should you invest $1,000 in Enbridge right now?

Before you buy stock in Enbridge, consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Enbridge wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have over $17,000!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 97%* – a market-crushing outperformance compared to 88%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { 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_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of July 6th, 2026

More reading

• 2 TSX Stocks I’d Buy Today as Oil Prices Keep Swinging
• Enbridge: Buy, Sell, or Hold in 2026?
• 1 Ideal Way to Use Your TFSA to Double an Annual Contribution
• How to Structure a TFSA With $14,000 for Lifelong Monthly Income
• 2 TSX Stocks That Could Win Big From Canada’s Energy Advantage

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.