3 Top Canadian Dividend Stocks to Build Long-Term Wealth

For Canadian investors planning for retirement, owning dependable dividend stocks is one of the best ways to grow wealth steadily over time. With the TSX trading near record highs and economic uncertainty still lingering, it’s smart to focus on companies that have proven they can maintain — and even raise — dividends through both strong and weak markets. Here are three high-quality TSX dividend stocks that could help you retire rich.

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Fortis: A steady dividend powerhouse

Fortis (TSX:FTS) is one of Canada’s most reliable utility companies, with over $70 billion in assets across Canada, the U.S., and the Caribbean. Its operations include electricity transmission, power generation, and natural gas distribution — all of which generate regulated, predictable revenue. This stability has allowed Fortis to raise its dividend for 51 consecutive years, an incredible record. The company is currently investing $26 billion in growth projects expected to boost earnings and support annual dividend hikes of 4%–6% through 2029. Fortis is a great option for conservative investors seeking reliable income and long-term capital growth.

Also Read: Long term investing in Canada

Enbridge: Energy infrastructure leader

Enbridge (TSX:ENB) remains one of North America’s leading energy infrastructure companies. Its assets include oil and gas pipelines, export terminals, and renewable energy projects. Enbridge is expanding its natural gas business, having spent US$14 billion in 2024 to acquire three U.S. utilities. The company also has a $32 billion capital project backlog to fuel future growth. With 30 consecutive years of dividend increases and a solid 5.7% yield, Enbridge offers a mix of income, stability, and growth potential.

Canadian Natural Resources: A contrarian opportunity

Canadian Natural Resources (TSX:CNQ) has seen its stock pull back to around $42, down from $55 in 2024, as oil prices weakened. Yet, CNQ remains highly profitable, with a WTI breakeven of just US$40–45 per barrel. Its strong balance sheet, production growth, and 25-year dividend growth streak make it an appealing value play. The current 5.5% yield adds to its appeal for patient investors.

Bottom line:

Fortis, Enbridge, and Canadian Natural Resources combine strong dividends, proven track records, and resilient business models — making them excellent picks for building long-term retirement wealth.