As many Canadians know, it has been greater than three many years for the reason that Blue Jays have been final in and gained the World Collection again in 1993. Over that stretch, whereas some shares are nonetheless performing nicely, rising their dividends and increasing their operations, quite a bit has modified within the Canadian economic system.

Again in 1993, the web was barely a factor, gasoline was below 60 cents a litre, and the TSX had fewer than half the listings it does at the moment.

Nevertheless, despite the fact that a lot has modified – numerous new firms have risen and fallen, complete industries have come and gone, and expertise has fully reshaped how we reside – some Canadian firms haven’t solely paid a dividend each single yr via all of it, however they’ve really elevated their dividends your complete time.

So, when you’re in search of high-quality dividend shares that you could purchase and maintain with confidence over the lengthy haul, listed here are two Canadian shares whose dividend progress streaks have by no means been damaged as soon as over the past 32 years.

A Canadian inventory with a dividend progress streak of 51 years

When you’re in search of high-quality dividend shares that you could purchase and maintain with confidence for many years, there’s no query Fortis (TSX:FTS) is likely one of the finest on the TSX.

It’s no secret that utility shares are a few of the most secure, most defensive, and most dependable companies you should buy, and Fortis has confirmed that for greater than half a century.

As a result of it gives important providers like electrical energy and pure gasoline, demand for these providers rarely fluctuates, it doesn’t matter what’s taking place within the economic system. And since these providers are important, the trade is regulated by the governments within the areas the place Fortis operates.

That stability means Fortis’ future income, money movement, and earnings are extremely predictable yr after yr.

This makes Fortis the proper dividend inventory. With constant earnings, it may steadily enhance its dividend whereas nonetheless investing in future progress to maintain these payouts rising down the road. And that constant dividend progress is what really drives long-term compounding.

For instance, whereas Fortis’ dividend progress streak extends to 51 years, even when you had purchased Fortis 32 years in the past, again in 1993, you’d have earned a complete return of three,677% holding the inventory till at the moment. That’s a compound annual progress price of 12% for 32 years.

That’s precisely why discovering high-quality and dependable shares to purchase, after which holding them for many years, is the very best technique.

And proper now, Fortis is providing a yield of three.4% and plans to extend its dividend by 4% to six% yearly via 2029.

A utility inventory with a 4.6% dividend yield

Along with Fortis, the one different Canadian inventory with an extended dividend progress streak, at 53 years, is Canadian Utilities (TSX:CU).

As I discussed above, utility shares are a few of the finest and most dependable firms to purchase and maintain for the lengthy haul, and Canadian Utilities is simply one other instance of that.

Similar to Fortis, Canadian Utilities gives electrical energy and pure gasoline distribution. Nevertheless, it additionally operates power infrastructure and storage options throughout Canada, Australia, and Latin America.

Moreover, along with its low-risk, government-regulated utilities that permit it to be such a dependable dividend inventory, Canadian Utilities has additionally spent years diversifying its operations and continues to put money into new alternatives reminiscent of renewable power.

Plus, along with a barely longer dividend progress streak than Fortis, Canadian Utilities additionally affords a yield of 4.6% at the moment, which is significantly greater than Fortis’.

So, when you’re in search of a dependable dividend inventory with a compelling yield to purchase and maintain for the long run, Canadian Utilities is definitely one to think about.