2 Screaming Buy TSX Stocks I’d Hold for the Next 20 Years

These two TSX income stocks that you can hold for 20 years are screaming buys today.

| More on:
diversification and asset allocation are crucial investing concepts

Source: Getty Images

Key Points

  • AltaGas (ALA) and Brookfield Infrastructure (BIP.UN) are recommended long‑term dividend buys—both run long‑life critical infrastructure and target at least 5% annual dividend growth while offering reliable yields (ALA ≈2.9%, BIP.UN ≈5.0%).
  • AltaGas delivers regulated utilities and midstream cash flows with guidance for 5–7% dividend CAGR through 2029 and strong H1 results, while Brookfield brings diversified growth (transport, data), $5.7B liquidity and robust Q2 performance to self‑fund future payouts.
  • 5 stocks our experts like better than [AltaGas] >

The primary objective of most long-term investors is to generate income, compound returns, or accumulate wealth over time. With a longer holding period, you can also benefit from overall market growth while mitigating short-term fluctuations.

AltaGas (TSX:ALA) and Brookfield Infrastructure Partners (TSX:BIP.UN) are screaming buys today. You can hold both dividend stocks for the next 20 years. The companies operate long-life, critical infrastructure. Each aims to increase dividends by at least 5% annually.

Strong platform

AltaGas is an established infrastructure company in North America. Its competitive edge is one strong platform with two core businesses. ALA advanced 12.4% in the last three months, raising its year-to-date gain to 32.9%. At $43.44 per share, the dividend yield is a safe and secure 2.9% (with a payout ratio of 47.1%).  

This $13 billion energy constituent generates stable income regulated from the rate-regulated natural gas distribution and storage businesses under the Utilities segment. According to management, the company will continue to expand within its multi-decade investment runway.

The Midstream business exports liquefied petroleum gas (LPG) to international markets. It also engages in natural gas gathering, processing, and extraction, as well as fractionation and liquids handling. In the second quarter (Q2) of 2025, LPG export volumes to Asia reached a record 127,814 barrels per day (bbl/d). Notably, the tolling agreements with upstream and downstream customers are long term in nature.

In the first half of 2025, net income increased nearly 55% year over year to $567 million. For this year, AltaGas will allocate 51% of its approximately $1.4 billion self-funded capital program to the Utilities business. Its president and CEO, Vern Yu, said, “We’re excited about the long-term outlook for our utilities.”

Looking ahead, AltaGas believes that it can deliver on its dividend guidance of 5-7% compounded annual growth rate (CAGR) through 2029. The large-cap stock boasts a five-year dividend-growth streak.

Strong growth profile

Brookfield Infrastructure Partners operates critical infrastructure and has the same Utilities and Midstream segments as AltaGas. However, two other businesses that add to its strong organic growth profile are Transport (logistics) and Data. The $2.4 billion proceeds from asset sales this year will support its full-cycle investment strategy and enable self-funding of growth initiatives.

Brookfield Infrastructure is relatively new, established in 2007. This utility stock started paying quarterly dividends in June 2020. BIP-UN trades at $47.66 per share. Current investors feast on the 5.03% dividend yield.

Its CEO, Sam Pollock, said, “Our ability to consistently buy high-quality assets for value and monetize mature investments at attractive returns continues to differentiate our platform and positions us well to self-fund a growing pipeline of opportunities.”

In Q2 2025, net income climbed 762.5% to US$69 million compared to Q2 2024. The data platform commissioned over $1.5 billion in new capital projects in the last 12 months. Also, there were inflation-linked rate increases in the utilities and transport segments during the quarter. megatrends impacting our entire investable universe.

At the quarter’s end, Brookfield Infrastructure had a substantial liquidity position of $5.7 billion. According to Pollock, the fund is ready for deployment in its investable universe.

Solid choices

AltaGas and Brookfield Infrastructure are solid choices for long-term investors. If you invest today, your money will remain intact, with cash inflows every quarter.  

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Infrastructure Partners. The Motley Fool has a disclosure policy.

More on Dividend Stocks

Dividend Stocks

1 Incredible Canadian Dividend Stock to Buy for Decades

Emera pairs a steady regulated utility business with a solid yield and a huge growth plan that could fuel future…

Read more »

engineer at wind farm
Dividend Stocks

Outlook for Brookfield Stock in 2026

Here's why Brookfield Corporation is one of the best stocks Canadian investors can buy, not just for 2026, but for…

Read more »

top TSX stocks to buy
Dividend Stocks

3 Canadian Growth Stocks to Buy for Long-Term Returns

Add these three TSX growth stocks to your self-directed portfolio if you seek long-term winners to buy and hold forever.

Read more »

Woman in private jet airplane
Dividend Stocks

3 Top Secret Tricks of TFSA Millionaires

TFSA users who became millionaires have revealed the secret tricks in achieving the nearly impossible feat.

Read more »

woman looks at iPhone
Dividend Stocks

A Dividend Giant I’d Buy Alongside Telus Stock Right Now

Telus (TSX:T) stock looks like a tempting value buy as the yield stays above the 9% level, but there are…

Read more »

diversification is an important part of building a stable portfolio
Dividend Stocks

TFSA Contribution Limit Stays at $7,000 for 2026: What to Buy?

What you buy with your $7,000 TFSA contribution limit depends on your financial goals, risk tolerance, and investment horizon.

Read more »

Sliced pumpkin pie
Dividend Stocks

Beyond Telus: 2 Canadian Dividend Plays for Smart Investors

SmartCentres REIT (TSX:SRU.UN) and other dividend plays are worth considering alongside Telus.

Read more »

man looks surprised at investment growth
Dividend Stocks

3 Overhyped Stocks to Leave Behind in the New Year

While things can change drastically, these three TSX stocks seem too overhyped to genuinely be good investments to consider.

Read more »