I find dividend investing to be one of the most reliable ways to grow wealth steadily. While markets may swing wildly in the short term, dividend income offers something more grounded – real cash, paid out regularly. And when those payouts come from companies with robust business models built to last, that’s a recipe for solid long-term returns.
What I enjoy most is watching those dividends roll in, no matter what the market is doing. Let me highlight three solid Canadian dividend-paying stocks I believe are worth holding for the long haul.
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Brookfield Renewable stock
With a long-term focus on clean energy, Brookfield Renewable Partners (TSX:BEP.UN) perfectly fits the mold of a dividend stock that can keep on giving. This company operates a diverse portfolio of renewable power assets across North America, South America, Europe, and Asia-Pacific, with over 46,000 megawatts of installed capacity and a massive development pipeline.
Following a 20% year-to-date rally, its shares are currently trading at $39.15 apiece with a market cap of $12 billion. At this market price, it rewards investors with a 5.3% annualized dividend yield, paid quarterly.
In the latest quarter (ended in September), Brookfield Renewable’s revenue rose nearly 9% YoY (year-over-year) to US$1.6 billion. Despite a small EBITDA (earnings before interest, taxes, depreciation, and amortization) decline over the trailing 12 months, its margins held up well, signaling operational discipline.
Beyond its quarterly numbers, Brookfield Renewable’s long-term pipeline of 200,000 megawatts in development makes it a great dividend stock for long-term investors seeking exposure to renewable infrastructure with scale and staying power.
Manulife Financial
My next forever dividend pick is Manulife Financial (TSX:MFC), a blue-chip insurance giant that’s known for its stability and solid cash flow. As a well-established player in the life and health insurance space, it operates across Canada, Asia, the U.S., and Europe.
Interestingly, MFC stock has delivered over 100% returns over the past 3 years and is up nearly 10% in the past year alone. As a result, it’s trading at $48.98 per share with a hefty market cap of $82.4 billion. The company pays a quarterly dividend with a current yield of about 3.6%.
In the third quarter of 2025, Manulife’s adjusted net profit jumped 11% YoY to $2 billion. Similarly, its adjusted quarterly earnings per share also rose 16% YoY. While the company’s revenue trends were softer in the latest quarter, its strong bottom-line growth clearly reflected its effective cost management and stable insurance operations.
With its consistently growing presence in Asia and a broad range of wealth and asset management services, Manulife continues to be one of the most attractive Canadian dividend stocks to hold forever.
Pembina Pipeline
And finally, for those looking to lock in a high dividend from the energy sector, Pembina Pipeline (TSX:PPL) could be worth considering. This Calgary-based firm is a top midstream player with pipelines, processing facilities, storage terminals, and export assets.
Following a 10.3% gain in the last four months, PPL stock now trades at $53.95 per share with a $31.3 billion market cap and an appealing 5.2% dividend yield, paid quarterly.
In the September quarter, Pembina posted an adjusted EBITDA of $1 billion, slightly above last year. Mainly, gains in its pipelines and facilities segments helped offset weaker performance in its marketing, due to lower NGL (natural gas liquids) prices.
Pembina’s involvement in the Cedar LNG and Greenlight Electricity Centre projects clearly highlights its shift toward long-term energy infrastructure. With over $1 billion in planned expansions and long-term contracts locked in, it’s preparing for more growth, which could support its strong cash flows and dividend payouts for years to come.
