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

High-yield dividend stocks are attractive investments for generating passive income. However, chasing yields alone can be risky, as dividends can be cut or suspended amid challenges. Thus, investors should look for Canadian stocks backed by solid fundamentals, a proven history of consistent dividend payments, attractive dividend yields, and sustainable payout ratios. These companies are built to hold for 10 years or more for stress-free passive income.

Against this background, here are two high-yield dividend stocks built to hold for 10 years or more.

High-yield dividend stock #1: Gibson Energy

Gibson Energy (TSX:GEI) is a leading liquids infrastructure company, with an asset base spanning storage, processing, gathering systems, and marine loading capabilities. The company has been consistently rewarding its shareholders with steady dividend growth. It recently announced a 5% increase in its quarterly distribution, marking seven consecutive years of dividend growth. Moreover, GEI stock offers a high yield of about 6.6% based on its recent closing price of $27.48.

Gibson’s distributions are primarily supported by its Infrastructure segment, which contributes the bulk of revenue and profitability. This derives revenue from long-term, take-or-pay contracts with investment-grade counterparties. This operating structure provides its cash flow visibility and insulation from commodity price volatility.

Looking ahead, Gibson’s growth outlook remains solid, led by the organic expansion and targeted acquisitions. The addition of Teine Energy’s Chauvin Infrastructure Assets strengthens its presence in Canadian crude infrastructure, supporting long-term growth. This acquisition complements the previously announced Wink-to-Gateway Integration project. Together, these moves enhance the company’s network connectivity and operational leverage and are projected to drive 7% annual earnings before interest, taxes, depreciation, and amortization (EBITDA) growth for its Infrastructure business.

Overall, Gibson Energy is a reliable high-yield stock built to hold for the next 10 years for steady dividend income.

High-yield dividend stock #2: SmartCentres REIT

SmartCentres REIT (TSX:SRU.UN) is a dependable high-yield dividend stock built to hold for the next 10 years. Its current monthly dividend of $0.154 per share yields 6.6% based on its recent closing price of $28.14.

The real estate investment trust’s (REIT’s) payouts are supported by its strong operational performance and consistent net operating income (NOI) growth. SmartCentres’s portfolio is concentrated in high-traffic retail centres anchored by high-quality tenants. These properties benefit from strong tenant demand, which in turn drives high occupancy levels and favourable lease renewal dynamics. As a result, the REIT has maintained stable rental income across economic cycles and consistently paid dividends.

As of December 31, 2025, SmartCentres’s occupancy stood at 98.6%. The high occupancy supports predictable cash flow generation. Moreover, the REIT’s pricing power supports its growth. Excluding anchor tenants, lease renewals achieved an 8.4% increase in rental rates, reflecting strong underlying demand for space within the portfolio. Equally important, the REIT reported rent collection exceeding 99%, a metric that shows tenant financial health and the reliability of its revenue base.

Looking ahead, SmartCentres is positioned to deliver steady growth. Its core retail portfolio provides a stable foundation, while incremental upside is expected from its mixed-use development pipeline. Additionally, the trust holds a significant inventory of underutilized land, offering embedded optionality for future development and long-term value creation.

Overall, SmartCentres REIT is a reliable high-yield dividend stock to hold in the long run.

The post 2 High-Yield Dividend Stocks That Look Built to Hold for 10 Years or More appeared first on The Motley Fool Canada.

Should you invest $1,000 in SmartCentres Real Estate Investment Trust right now?

When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for a decade, Motley Fool Stock Advisor Canada, is beating the TSX by 9 percentage points.*

They revealed what they believe are 10 TSX Stocks for 2026… and SmartCentres Real Estate Investment Trust made the list – but there are 9 other stocks you may be overlooking.

Don’t miss out on our Top 10 TSX Stocks for 2026, available when you join our mailing list!

Get the 10 stocks instantly #start_btn5 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn5 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn5 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn5 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of April 20th, 2026

More reading

• 3 Dividend Stocks That Look Worth Adding More Of
• 2 TFSA Dividend Stocks I’d Lock In Now for Long-Term Income
• How to Make $300 Per Month Tax-Free From Your TFSA
• Transform Your TFSA Into a Money-Making Machine With Just $15,000
• 2 TSX Stocks That Turn Dividends Into Reliable Monthly Paycheques

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