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

monthly calendar with clock
Dividend Stocks

This 7.3% Dividend Stock Could Pay Me Every Month Like Clockwork

This Walmart‑anchored REIT pays monthly and is building for growth. See why SRU.UN can power tax‑free TFSA income today and…

Read more »

four people hold happy emoji masks
Dividend Stocks

Why I’m Watching These Dividend All-Stars Very Closely

These two Canadian dividend all-stars could be among the best picks in the market right now, flying under the radar.

Read more »

man looks surprised at investment growth
Dividend Stocks

8% Dividend Yield? I’m Buying This Stellar Stock in Bulk

Do you want high monthly income backed by essentials? Slate Grocery REIT’s U.S. grocery-anchored centres offer stability, cash flow, and…

Read more »

Partially complete jigsaw puzzle with scattered missing pieces
Dividend Stocks

2 Dividend Stocks to Double Up on Right Now

With their consistent dividend payouts, strong underlying businesses, and solid growth outlooks, these two dividend stocks stand out as attractive…

Read more »

Canadian dollars in a magnifying glass
Dividend Stocks

Monthly Income: Top Dividend Stocks to Buy in December

These two top Canadian dividend stocks could add steady monthly income to your portfolio while offering room to grow.

Read more »

dividends grow over time
Dividend Stocks

1 Canadian Stock to Dominate Your Portfolio in 2026

Down almost 40% from all-time highs, goeasy is a Canadian stock that offers significant upside potential to shareholders.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

1 Way to Use a TFSA to Earn $250 Monthly Income

You can generate $250 worth of monthly tax-free TFSA income with ETFs like BMO Canadian Dividend ETF (TSX:ZDV).

Read more »

Colored pins on calendar showing a month
Dividend Stocks

This TSX Dividend Stock Pays Cash Every Single Month

If you’re looking for a top TSX dividend stock to buy now that happens to pay its dividend every single…

Read more »