You don’t always need to chase volatile high-growth stocks to earn strong investment returns. Often, the most dependable strategy is owning well-established companies that have survived economic cycles, expanded globally, and consistently rewarded shareholders along the way.

If your goal is steady long-term wealth building—whether for retirement or general financial security—these two large-cap TSX stocks offer a compelling mix of dividend income and growth potential.

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Bank of Montreal (BMO)

The first standout is Bank of Montreal (TSX:BMO), a Canadian banking pillar known for its stability, diversified operations, and long track record of dividend payments. As one of the country’s oldest financial institutions, BMO continues to perform across personal and commercial banking, wealth management, and capital markets.

After climbing more than 30% over the past year, BMO now trades at $171.21 per share with a market value of $122.5 billion. It also pays a quarterly dividend, giving investors a 3.8% annualized yield.

In fiscal Q3 2025 (three months ended July), BMO posted strong numbers, with net income rising 25% year over year to $2.3 billion. This robust performance was driven by revenue gains in both Canada and the U.S., disciplined expense management, and improved credit conditions.

Notably, provisions for credit losses fell to $797 million from $906 million a year earlier, reflecting healthier credit trends. BMO also maintained its quarterly dividend at $1.63 per share, continuing its long tradition of consistent payouts.

Looking forward, its acquisition of Burgundy Asset Management is expected to enhance its wealth management capabilities, particularly for high-net-worth clients. Combined with growing investments in digital banking and AI, BMO appears well positioned to deliver ongoing growth and dependable dividend income for the long haul.

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Manulife Financial (MFC)

The second stock is Manulife Financial (TSX:MFC), a global leader in insurance and asset management. Operating across Canada, Asia, and the United States, Manulife has transformed itself into a modern, tech-driven financial services firm.

MFC shares have more than doubled in just three years and currently trade at $47.66, giving the company a market cap of roughly $80.7 billion. Its dividend yield stands at an appealing 3.7%.

In Q3 2025 (ended September), Manulife reported a 10% year-over-year increase in core earnings to $2 billion, along with an improvement in core return on equity to 18.1%—a sign of strong profitability.

Regionally, Asia was a standout performer with core earnings up 29%, supported by higher sales and favourable insurance trends. Its global wealth and asset management division also posted a 9% increase in core earnings thanks to stronger performance fees and cost efficiencies.

Beyond financial results, Manulife continues to advance its digital strategy, rolling out AI-driven tools such as its AI Assistant in Hong Kong and enhanced digital offerings across North America. These innovations, paired with a solid capital base and expanding international presence, reinforce Manulife as a compelling choice for investors seeking steady dividends and long-term growth.