Canadian investors who think about long -term opportunities will probably change into dividend shares that generate income in the long term. And that is certainly a smart move. Strong Blue-Chip companies tend to pay dividends and reduce shares, making a higher return and passive income possible. However, some investors can be hung on the dividend yield when it comes to the richer retirement and instead miss the growth opportunities that some shares offer.
That’s why we’re going to watch today CCL Industries (TSX: CCL.B) and Waste connections (TSX: WCN), Two dividend knights who offer it all. These are essential companies that belong in a “never sell” portfolio. So let’s go in.
CCL.B
To really understand why this is a dividend share to never sell, we let income go. CCL shares reported its second quarter of 2025 and delivered a record adapted profit per share (EPS), margin extension and organic growth, as well as merger and acquisition growth. Moreover, leverage is only once in income before interest, taxes, depreciation and amortization (EBITDA) with $ 1 billion in cash. That is why CCL can continue to put together through extensions and acquisitions, while the dividend and the bottom line remain safe.
Moreover, his business model is not only stable, but also essential. CCL.B offers labels, security, packaging and more connected to everyday products such as health care, food and consumer goods. Rates and start -up losses in the new German factory were headwind in the short term, but due to a recovery. In general, the dividend share has high entry thresholds so that it can maintain a fixed income.
Then there is income. CCL pays a modest dividend yield of only 1.6% from writing, but with a payment ratio of 27% it has sufficient room to invest and buy back shares. In fact, it recently returned $ 312 million in the first half of 2025 via Back purchase. That is why investors can see a lot of steady growth in the long term.
WCN
Then there is an essential area: waste. WCN is a top dividend share due to the growth in this area and continues to expand from its stable market position. In fact, it reported in the second quarter that both the turnover and the EBITDA grew, which again reconfirmed the guidelines for the entire year and the expansion of the margins. After all, Garbage collection and removal go anywhere.
With regard to growth, WCN is a merger and acquiring machine. The dividend share adds around $ 200 million to acquired income each year, so that an active pipeline in the process is maintained. Currently, the $ 2.3 billion in operational cash flow has $ 1.3 billion in free cash flow (FCF) for 2025. That is why WCN can finance dividends and capital expenditure and close deals without stretching the bottom line.
So yes, the dividend stock has a small return of 0.7%. However, management increases it consistently while it also returns shares. That is why investors can look forward to reliability instead of fluctuating growth.
Bottom Line
Together these two dividend knights are strong opportunities for investors. Each has a mix of growth and defensivity, with matching balance sheets. These are the most important type of dividend shares to help you get richer with retirement, especially from Holdings who in recent decades, not just a few years. So if you want dividend shares to buy and hold forever, these are the two who go to the TSX Today.
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