The Canadian Dividend Stock I’d Trust for the Next Decade

Finding a Canadian dividend stock you can trust for the next 10 years matters. Life feels a lot easier when part of your financial future is handled by a company that quietly pays you, grows steadily, and doesn’t keep you up at night. A dependable dividend stock becomes a partner in your long-term plans. It covers small monthly expenses or helping you build a cushion without constant monitoring or stress. Over a decade, those steady payouts and gradual dividend increases can snowball into real wealth. This gives you both peace of mind and more freedom in your budget. So let’s look at one dividend stock to get you started.

NWC

North West Company (TSX:NWC) is one of the most unique retailers on the TSX. It serves markets that most companies never touch. It operates grocery and general merchandise stores across Canada’s northern and remote communities, as well as in Alaska, the Caribbean, and the South Pacific. These regions have limited competition, high barriers to entry, and steady demand for essentials, which gives NWC a durable competitive moat. The company focuses on supplying everyday necessities so its revenue remains stable even when the broader retail sector slows.

Its long operating history also gives it deep local relationships and logistics expertise, especially in places where getting goods in and out requires specialized distribution. That advantage makes it very difficult for new entrants to match its scale, reliability, or supply-chain efficiency. Over time, NWC has quietly improved margins, modernized stores, and expanded services to the communities it serves. Investors don’t buy it for rapid growth, but it for consistency, resilience, and a customer base that relies on the dividend stock every single week of the year.

Into earnings

North West Company’s most recent earnings continued to show why the business remains so steady. Revenue rose as the dividend stock recorded stronger sales in its Canadian operations, supported by solid performance in food and essential goods categories. Because its markets are less sensitive to economic swings, NWC tends to maintain sales momentum even when other retailers face pressure. The latest quarter also reflected disciplined cost control, which helped offset inflation in transportation and supply-chain expenses.

The dividend stock’s profitability held firm thanks to stable gross margins and careful expense management. Management highlighted ongoing efficiency improvements and strong demand in its core markets, reinforcing the message that NWC’s operating environment remains healthy. While it rarely delivers big surprises, its earnings show the kind of dependable performance long-term investors appreciate. That’s steady sales, predictable cash flow, and a business insulated from competitive threats that typically affect mainstream retail chains.

Foolish takeaway

NWC stands out as a dividend stock to trust for the next decade. Its business model is built on markets where demand for essentials never goes away. People in remote communities rely on its stores for groceries, healthcare items, and household goods, which means the company enjoys consistent cash flow even in recessions. That stability supports a dividend that has been paid, and raised, over many years, giving investors confidence that payouts can continue well into the future. Even now, here’s what just $7,000 could bring in.

COMPANYRECENT PRICENUMBER OF SHARESDIVIDENDANNUAL TOTAL PAYOUTFREQUENCYTOTAL INVESTMENTNWC$48.56144$1.64$236.16Quarterly$6,992.64

What strengthens the 10-year outlook even more is NWC’s financial discipline and long-term strategy. The dividend stock invests steadily in supply-chain upgrades, energy-efficient infrastructure, and improved service offerings. This deepens its competitive position over time. Its payout ratio remains sustainable, and its dividends have proven resilient through multiple economic cycles. For investors who want a dependable dividend stock, North West Company is one of the most trustworthy names on the TSX.

The post The Canadian Dividend Stock I’d Trust for the Next Decade appeared first on The Motley Fool Canada.

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More reading

• 1 No-Brainer Canadian Stock to Buy and Hold Forever
• 2 Safe Canadian Stocks to Buy With $7,000 Right Now
• TFSA: 2 Dividend Stocks I’d Happily Buy and Hold for Life
• How I’d Invest $10,000 in Canadian Dividend Stocks
• 2 Magnificent TSX Dividend Stocks Trading at a Discount to Buy Now and Own Forever

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends North West. The Motley Fool has a disclosure policy.