3 Roaring Stocks to Hold for the Next 20 Years

Sure, there are stocks roaring upwards in the last year, but these three can claim doing it for decades.

| More on:
hot air balloon in a blue sky

Source: Getty Images

Canadian investors might look at some of the climbing stocks of the last year or so and wonder if the climbing time has come and gone. But in the case of these three TSX stocks, it’s likely only getting started. So with that, let’s get into why investors should consider not just buying, but holding these three stocks for the next two decades.


First we have Cameco (TSX:CCO), one of the world’s largest publicly traded uranium companies. With the global shift towards clean energy, nuclear power is expected to play a crucial role due to its low carbon emissions and consistent power generation capabilities. This positions Cameco advantageously for future growth as demand for nuclear fuel increases.

Cameco has demonstrated solid financial performance, with strong cash flow generation and a positive revenue outlook for 2024 and beyond. The company is strategically focused on long-term contracting to maintain exposure to higher prices, which is a prudent risk management strategy.

What’s more, Cameco’s investments span the entire nuclear fuel cycle, from mining to reactor fuel supply. This comprehensive involvement provides a strategic advantage, allowing the company to capture value at multiple stages of the nuclear fuel production process.

Furthermore, the company has a large and growing pipeline of business opportunities under discussion. This potential for future contracts and expansions suggests that Cameco is well-positioned to capitalize on increasing demand for nuclear energy. So even with shares up 61% in the last year, there is certainly more to come.


Next we have Manulife Financial (TSX:MFC), a strong long-term investment for several reasons. Manulife has shown consistent financial strength, with solid earnings and a positive outlook for growth. The company’s market capitalization stands at approximately $66.3 billion, with a price-to-earnings (P/E) ratio of 16.2 and a dividend yield of 4.3%, making it an attractive option for income-focused investors.

Manulife’s strategic expansion into international markets, particularly in Asia, positions it for significant growth. The company’s diversified operations across Canada, the United States, and Asia help mitigate regional risks and capitalize on global opportunities. This diversification is crucial for long-term stability and growth.

When it comes to cash flow, Manulife is a leading dividend payer with a sustainable payout ratio of 70.2%. The company’s ability to maintain and potentially grow its dividend makes it an appealing choice for investors looking for steady income over the long term.


Finally, for those looking for returns and then some, consider Topicus (TSXV:TOI). The company has a promising long-term outlook as well, primarily from its connection to Constellation Software (TSX:CSU).

Topicus benefits from the support of Constellation Software, a highly successful software company. This backing provides Topicus with additional resources, expertise, and credibility in the market. The relationship with Constellation Software enhances Topicus’s growth prospects and strategic positioning.

Yet on its own, Topicus has demonstrated significant growth, with shares increasing by 51% in the past year. This upward trajectory suggests that the company is well-positioned to continue its growth trend. Analysts have noted that Topicus has much room for further growth, making it an attractive option for long-term investors.

Operating primarily in Europe, Topicus serves diverse markets, offering software solutions that enhance efficiency and business value for customers. Plus, it has shown robust financial performance, with consistent earnings growth. Altogether, even with shares up 20% in the last year, it’s a strong stock for a long-term hold.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has positions in Topicus.com. The Motley Fool has positions in and recommends Topicus.com. The Motley Fool recommends Cameco and Constellation Software. The Motley Fool has a disclosure policy.

More on Dividend Stocks

analyze data
Dividend Stocks

5.2% Dividend Yield! I’m Buying This TSX Stock and Holding for Decades

Here's why Brookfield Infrastructure is one of the best TSX stocks to buy today and hold for decades to come.

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

How TFSAs Help Regular Canadians Outperform the Rich

Dividend stocks like the Canadian National Railway (TSX:CNR) can compound swiftly in a TFSA.

Read more »

grow money, wealth build
Dividend Stocks

How $250 per Month Can Create $193.20 in Annual Dividend Income

If you want a lot of dividend income, you want the right dividend stock. This one offers high monthly income…

Read more »

Shopping card with boxes labelled REITs, ETFs, Bonds, Stocks
Dividend Stocks

Invest $10,000 in this Monthly Dividend Stock for $776 in Passive Income

This dividend stock generates $64.68 in monthly cash, or about $776 per year.

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

The Top Canadian REITs to Buy in July

These three top Canadian REITs offer attractive value and passive-income generation, making them some of the best to buy now.

Read more »

Payday ringed on a calendar
Dividend Stocks

This 7.8 Percent Dividend Stock Pays Cash Every Month

Despite its over 8% gain so far in July, this Canadian monthly dividend stock still looks cheap as it currently…

Read more »

A microchip in a circuit board powers artificial intelligence.
Dividend Stocks

3 AI Stocks for Cautious Investors

Canadian tech company OpenText (TSX:OTEX) is the cheapest AI name in town.

Read more »

Canada national flag waving in wind on clear day
Dividend Stocks

3 Cheap Canadian Stocks That Offer 7% Dividend Yields

Some top TSX dividend stocks still look cheap.

Read more »