On the subject of constructing long-term wealth, I discover chasing fast-moving progress shares exhausting. Market swings can check endurance, particularly if you need reliable earnings reasonably than fast good points. That’s why I choose to purchase secure Canadian dividend shares, as they’ve been the spine of my portfolio for years. Such dividend-paying firms often function important companies, generate predictable money circulation, and reward shareholders even throughout unsure financial instances. And in the long term, that reliability can matter greater than in a single day good points.
On this article, I’ll discuss two ultra-safe dividend shares in Canada that may very well be price holding for the subsequent decade.
Brookfield Infrastructure Companions inventory
Brookfield Infrastructure Companions (TSX:BIP.UN) is a secure dividend inventory that would add stability to your portfolio and carry out nicely throughout totally different market cycles. This conglomerate owns and operates long-life infrastructure property throughout utilities, transport, and midstream power sectors. After rallying by 15% during the last 4 months, its inventory is at the moment buying and selling at $47.93 per share with a market cap of roughly $31.3 billion. It additionally presents an annualized dividend yield of about 5% on the present market value. The corporate pays these dividends quarterly, making it much more engaging for income-focused buyers.
Over the long term, Brookfield Infrastructure has delivered strong good points, supported by property that present important companies. Within the third quarter of 2025, the corporate’s funds from operations climbed 9% YoY (yr over yr) to US$0.83 per unit. This sturdy progress was primarily pushed by its inflation-linked contracts, stronger exercise within the midstream phase, and new capital tasks coming into service. Its knowledge phase additionally performed an vital function, with greater earnings supported by extra knowledge centre capability and elevated billings.
Past quarterly outcomes, Brookfield Infrastructure continues to recycle capital effectively by promoting mature property and reinvesting in regulated utilities, power transport, and digital infrastructure. Total, a latest 6% improve in its dividends additional highlights its place as one of the defensive dividend shares to purchase in Canada for long-term earnings.
Magna Worldwide inventory
One other secure dividend inventory that would add diversification to your portfolio is Magna Worldwide (TSX:MG). This Aurora-based agency is a world automotive provider, serving main automakers throughout North America, Europe, and China.
MG inventory trades close to $76.22 per share and has a market cap of about $21.5 billion. At present, it presents an annualized dividend yield of roughly 3.6%, paid on a quarterly foundation.
Magna’s inventory has proven sturdy momentum recently because it has surged greater than 70% during the last eight months. This rally has been supported by its bettering operational efficiency. Within the third quarter, the corporate’s gross sales rose 2% YoY to US$10.5 billion with the assistance of upper world mild automobile manufacturing.
In consequence, its adjusted earnings inched up 4% YoY to US$1.33 per share, backed by productiveness good points, restructuring advantages, and disciplined value management. Whereas some stress got here from Trump’s tariffs and shifting manufacturing volumes, Magna continued to generate strong money circulation.
On the expansion aspect, its latest expansions in China centered on electrical drive methods, whereas Magna’s European automobile meeting applications help electrical automobile launches for its world companions. These progress initiatives, mixed with a dependable dividend, make Magna a secure Canadian dividend inventory for buyers wanting past short-term volatility.
