2 Ultra-Safe Dividend Stocks to Own for the Next 10 Years

When it comes to building long-term wealth, I find chasing fast-moving growth stocks exhausting. Market swings can test patience, especially when you want dependable income rather than quick gains. That’s why I prefer to buy safe Canadian dividend stocks, as they have been the backbone of my portfolio for years. Such dividend-paying companies usually operate essential businesses, generate predictable cash flow, and reward shareholders even during uncertain economic times. And in the long run, that reliability can matter more than overnight gains.

In this article, I’ll talk about two ultra-safe dividend stocks in Canada that could be worth holding for the next decade.

Brookfield Infrastructure Partners stock

Brookfield Infrastructure Partners (TSX:BIP.UN) is a safe dividend stock that could add stability to your portfolio and perform well across different market cycles. This conglomerate owns and operates long-life infrastructure assets across utilities, transport, and midstream energy sectors. After rallying by 15% over the last four months, its stock is currently trading at $47.93 per share with a market cap of roughly $31.3 billion. It also offers an annualized dividend yield of about 5% at the current market price. The company pays these dividends quarterly, making it even more attractive for income-focused investors.

Over the long run, Brookfield Infrastructure has delivered solid gains, supported by assets that provide essential services. In the third quarter of 2025, the company’s funds from operations climbed 9% YoY (year over year) to US$0.83 per unit. This strong growth was mainly driven by its inflation-linked contracts, stronger activity in the midstream segment, and new capital projects entering service. Its data segment also played an important role, with higher earnings supported by additional data centre capacity and increased billings.

Beyond quarterly results, Brookfield Infrastructure continues to recycle capital efficiently by selling mature assets and reinvesting in regulated utilities, energy transport, and digital infrastructure. Overall, a recent 6% increase in its dividends further highlights its position as one of the most defensive dividend stocks to buy in Canada for long-term income.

Magna International stock

Another safe dividend stock that could add diversification to your portfolio is Magna International (TSX:MG). This Aurora-based firm is a global automotive supplier, serving major automakers across North America, Europe, and China.

MG stock trades near $76.22 per share and has a market cap of about $21.5 billion. Currently, it offers an annualized dividend yield of roughly 3.6%, paid on a quarterly basis.

Magna’s stock has shown strong momentum lately as it has surged more than 70% over the last eight months. This rally has been supported by its improving operational performance. In the third quarter, the company’s sales rose 2% YoY to US$10.5 billion with the help of higher global light vehicle production.

As a result, its adjusted earnings inched up 4% YoY to US$1.33 per share, backed by productivity gains, restructuring benefits, and disciplined cost control. While some pressure came from Trump’s tariffs and shifting production volumes, Magna continued to generate solid cash flow.

On the growth side, its recent expansions in China focused on electric drive systems, while Magna’s European vehicle assembly programs support electric vehicle launches for its global partners. These growth initiatives, combined with a reliable dividend, make Magna a safe Canadian dividend stock for investors looking beyond short-term volatility.

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

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More reading

• The Canadian Stock I’d Trust for the Next 10 Years
• 3 of the Top Stocks TFSA Investors Can Buy Now
• Safe Canadian Stocks to Buy Now and Hold Through Market Volatility
• Build a Cash-Gushing Passive-Income Portfolio With just $40,000
• The Best Stocks to Invest $1,000 in a TFSA Right Now

Fool contributor Jitendra Parashar has positions in Magna International. The Motley Fool recommends Brookfield Infrastructure Partners and Magna International. The Motley Fool has a disclosure policy.