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There’s a purpose why lots of the hottest Canadian dividend shares proceed to be blue-chip names.

These companies have numerous the qualities buyers search for in long-term holdings. They provide stability, dependable revenue, and the potential for regular development over time, which is precisely what you need when constructing a portfolio you possibly can maintain for years.

That’s why so many buyers use blue-chip shares to kind the inspiration of their portfolios.

And with well-established firms throughout practically each sector, you possibly can construct a diversified base utilizing companies that generate revenue in numerous methods, whether or not it’s from international demand for important sources, long-term infrastructure traits, or different defensive industries.

So, with that in thoughts, listed below are three prime blue-chip shares Canadians ought to take into account for the inspiration of their portfolio.

A world agriculture big

In the event you’re searching for a blue-chip inventory to purchase now and maintain for years, Nutrien (TSX:NTR) is undoubtedly a prime decide.

As one of many largest agricultural enter firms on this planet, it performs a crucial function in serving to farmers produce the crops that feed a rising international inhabitants. That alone is what makes the enterprise so resilient.

It doesn’t matter what’s taking place within the economic system, meals manufacturing doesn’t cease. And as populations proceed to develop and diets evolve, the demand for fertilizers and crop inputs stays a key a part of the worldwide provide chain. That provides Nutrien a stage of long-term relevance that’s onerous to duplicate.

After all, the agriculture trade could be cyclical within the brief time period, with pricing and demand fluctuating from yr to yr. However over the long term, the necessity to enhance crop yields and preserve meals manufacturing continues to assist the enterprise.

On prime of that, Nutrien’s scale provides it a big benefit. Its international attain, distribution community, and vertically built-in operations assist it stay aggressive throughout completely different market circumstances.

That’s why it’s the most effective blue-chip dividend shares to personal. It gives a present yield of three.1%, will increase its dividend yearly, and is a enterprise tied to an trade the world depends upon.

A blue-chip infrastructure inventory each Canadian ought to take into account

Along with Nutrien, one other high-quality blue-chip inventory each Canadian ought to take into account is Brookfield Renewable Companions (TSX:BEP.UN).

Brookfield Renewable is a must-own blue-chip dividend inventory as a result of it gives the most effective methods to realize publicity to the worldwide shift towards renewable vitality.

The corporate owns a large, globally diversified portfolio of property, together with hydroelectric, wind, photo voltaic, and vitality storage services throughout a number of areas.

What makes the enterprise so enticing is that these property already generate predictable money circulation, usually supported by long-term contracts, which helps present regular revenue for buyers.

On the identical time, the trade has a long time of development potential because the world continues transitioning towards cleaner vitality.

So not solely does Brookfield supply a compelling yield of 4.4% in the present day, however it additionally has years of long-term development forward of it. And it’s that mixture of reliable revenue and growth potential that makes it the most effective blue-chip dividend shares that Canadians can personal.

A smaller industrial inventory with many blue-chip qualities

Lastly, along with Brookfield and Nutrien, Stella-Jones (TSX:SJ) is one other high-quality dividend inventory to purchase and maintain for the lengthy haul.

And whereas it’s nonetheless technically a mid-cap and extra of a “child” blue chip, it already has lots of the identical traits long-term buyers search for.

For instance, the corporate provides utility poles, railway ties, and different industrial wooden merchandise utilized in important infrastructure. That won’t sound thrilling, however utilities and railways continuously want to keep up and change their infrastructure, which creates regular, ongoing demand for Stella-Jones’s merchandise.

And whereas it’s smaller than conventional mega-cap blue chips, its observe report of constant execution and regular development exhibits why it deserves to be thought of alongside them.

It’s additionally a reminder that a number of the finest shares to purchase and maintain for the lengthy haul are those working behind the scenes in industries that stay important no matter financial circumstances.

So, in case you’re searching for dependable blue-chip shares to purchase now and maintain for years, Stella-Jones may be the most effective picks, particularly whereas it’s nonetheless rising into full large-cap blue-chip standing.