2 High-Yield Dividend Stocks That Look Built to Hold for 10 Years or More

These high-yield dividend stocks have strong fundamentals and a proven track record of maintaining reliable dividend payouts for years.

Buying and holding high-yield dividend stocks can enhance the income potential of your portfolio. The key, however, is to focus on companies with strong fundamentals, consistent profitability, and a proven track record of maintaining reliable dividend payouts across market cycles. These Canadian stocks are built to hold for 10 years or more, thanks to their durable payouts.

With that in mind, here are two Canadian dividend stocks offering high yields of over 6% worth owning for the next 10 years.

diversification and asset allocation are crucial investing concepts

Source: Getty Images

High-yield dividend stock #1: SmartCentres REIT

SmartCentres REIT (TSX: SRU.UN) is a dependable high-yield dividend stock to hold for the next 10 years or more. The real estate investment trust (REIT) distributes $0.154 per unit per month, yielding about 6.4% annually.

Its dividend is supported by resilient cash flow generated from a high-quality portfolio of retail and mixed-use properties located in prime markets. These strategic locations help maintain high occupancy levels, drive consistent leasing demand, and secure higher rents during renewals.

That strength is already showing up in the numbers. In the first quarter of 2026, SmartCentres reported an impressive 97.6% occupancy rate, while rent collection remained near 99%. Leasing momentum also stayed strong, with renewal rental rates climbing 11.5% excluding anchor tenants. Meanwhile, same-property net operating income (NOI) increased 3.4%, supported by stable tenant demand, rising base rents, and healthy customer traffic across its retail portfolio.

Another key advantage is the REIT’s financially strong tenant base, which helps ensure dependable rent collection even during periods of economic uncertainty. That stability lowers counterparty risk and strengthens the reliability of its monthly distributions.

Beyond its core retail operations, SmartCentres is also building future growth engines through an expanding pipeline of mixed-use and residential developments. This diversification strategy could unlock additional long-term revenue streams while reducing reliance on traditional retail income alone.

Importantly, the REIT’s solid balance sheet and a large underutilized landbank provide additional flexibility for future expansion. Its ongoing retail intensification and development projects are expected to support higher funds from operations (FFO) over time, strengthening the sustainability of its distributions.

High-yield dividend stock #2: Firm Capital

Firm Capital Mortgage Investment Corporation (TSX: FC) is an attractive high-yield dividend stock for long-term income investors. The company specializes in short-term residential and commercial real estate lending through its mortgage banking platform, offering financing solutions that include construction loans, bridge financing, mezzanine debt, and equity investments.

Firm Capital focuses on short-duration, lower-risk loans that are often overlooked by traditional lenders. This strategy has helped it generate reliable cash flow across varying market conditions.

It has an exceptional dividend track record. Firm Capital has paid uninterrupted monthly dividends since 2013, making it a dependable option for passive-income portfolios. Currently, the company pays a $0.078-per-share dividend, yielding more than 7.8%. On top of that, shareholders have also benefited from special year-end dividends, boosting total income.

The company’s payout stability is supported by a diversified mortgage portfolio with exposure to resilient real estate segments, including residential construction and land development. In addition, recurring lending fees and predictable interest income provide a solid foundation for sustaining its high yield.

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy.

More on Dividend Stocks

senior man and woman stretch their legs on yoga mats outside
Dividend Stocks

Best Monthly Dividend Stocks on the TSX? My Top Picks for Today

Looking for monthly dividend income and an attractive growth profile? These two TSX stocks are my top picks today.

Read more »

oil pumps at sunset
Dividend Stocks

Canadian Natural Resources vs. Suncor: The Dividend Stock to Own Through 2026

Let’s compare Canadian Natural Resources and Suncor Energy across their financial performance, dividend track records, growth prospects, and valuations to…

Read more »

man studies at computer
Dividend Stocks

Here Are The 3 Canadian Stocks I’d Tell a New Investor to Buy ASAP

Discover strategies for investing in stocks that can help you thrive in a market filled with volatility and uncertainty.

Read more »

telecom towers concept for wireless technology
Dividend Stocks

BCE Stock Is Down 2% After Q3: Is the 5.8% Dividend Safe?

BCE stock slipped 2% after Q3 earnings. See whether the 5.8% dividend is safe, how free cash flow covers it,…

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

Too Busy to Invest? This Dividend Stock Deserves a Permanent Place In Your TFSA

This Canadian stock appears well-positioned to keep paying and growing its dividend and deliver solid capital gains in the long…

Read more »

monthly calendar with clock
Dividend Stocks

The TFSA Strategy I’d Use to Generate $600 in Monthly Tax-Free Income

A smarter TFSA approach is to prioritize sustainable total returns and diversification rather than chasing an arbitrary monthly income number.

Read more »

Concept of rent, search, purchase real estate, REIT
Dividend Stocks

How Much to Invest in Killam Apartment for $250 a Month in Dividends

Want $250 a month? Killam Apartment pays $0.06 a unit at $17.45. See how many units to buy, what Q3…

Read more »

resting in a hammock with eyes closed
Dividend Stocks

3 Top Canadian Dividend Stocks for $2,050 in Passive Income Each Year

With resilient business models, consistent dividend payouts, and clear growth prospects, these three dividend stocks are ideal for income-seeking investors.

Read more »