Market corrections are inclined to make buyers nervous, however for these with a long-term mindset, they will truly be a present. Costs drop. Worry rises. However for regular dividend shares, the worth doesn’t simply vanish. As a substitute, it is likely to be hiding beneath a quickly decrease share value. Proper now, a number of well-established Canadian dividend shares are off their highs and buying and selling at extra enticing valuations. For buyers trying to find yield, high quality, and development, this could possibly be an ideal time to pounce.
Utilities
Let’s begin with Fortis (TSX: FTS). Fortis is a reputation synonymous with stability. It supplies regulated fuel and electrical utilities to clients throughout North America, and that regular enterprise retains the money flowing even throughout rocky financial occasions. Within the first quarter of 2025, Fortis reported internet earnings of $499 million, or $1.00 per share. That’s up from $459 million, or $0.93 per share, in the identical quarter final yr.
Fortis additionally reaffirmed its five-year capital plan price $26 billion. The intention is to develop its charge base from $39 billion in 2024 to $53 billion by 2029, a compound annual development charge of 6.5%. Buyers can take consolation realizing this capital plan is tied to regulated, long-duration property. Plus, Fortis lately reconfirmed its steerage for 4% to six% annual dividend development by means of 2029. The present dividend yield is round 3.6%, and with the inventory buying and selling round $67, this can be a confirmed dividend grower that’s now on sale.
Then there’s Canadian Utilities (TSX: CU), which is probably not thrilling, however that’s form of the purpose. When volatility rises, boring is gorgeous. Canadian Utilities supplies important companies like electrical energy and pure fuel transmission, and its buyer base spans Alberta, Australia, and different elements of the world. Within the first quarter of 2025, income held regular at $1.1 billion. Earnings got here in at $206 million, or $0.75 per share, up barely from final yr. What stands out most is the dividend observe document. Canadian Utilities has raised its dividend yearly for 52 years. That’s the longest streak of annual will increase amongst any publicly traded Canadian firm. The present yield is round 4.9%, and with the inventory buying and selling round $37, this can be a dependable earnings generator for any long-term portfolio.
Insurance coverage
Subsequent is iA Monetary Company (TSX: IAG). iA Monetary flies beneath the radar in comparison with greater insurers, however it has been quietly constructing momentum. Within the first quarter of 2025, iA posted core diluted earnings per share (EPS) of $2.91, up 19% yr over yr. That’s no small feat in a uneven market. What’s extra, the insurer has been seeing sturdy inflows into its wealth administration phase, whereas persevering with to broaden its particular person insurance coverage operations. The dividend inventory additionally raised its dividend by 6.7% earlier this yr, displaying its dedication to returning capital to shareholders. At round $133 per share, the inventory is down from a 52-week excessive above $141, giving long-term buyers a greater entry level to a well-managed, rising dividend participant with a yield at 2.7%.
Lastly, there’s Manulife Monetary (TSX: MFC), one in every of Canada’s largest insurance coverage and monetary companies companies. Manulife had a barely combined first quarter in 2025, with core earnings of $1.8 billion, down 1% from a yr in the past. Nonetheless, it noticed power in its Canadian enterprise, with earnings rising 3% to $374 million. The dividend inventory additionally has vital publicity to Asia, which presents long-term development potential. Manulife’s dividend yield may be very enticing proper now at 4.1%, and the payout ratio stays cheap. With the dividend inventory hovering round $43, buyers are getting a globally diversified insurer at a reduction. Manulife’s share buyback exercise and bettering profitability in its Canadian and U.S. segments recommend a powerful basis for future returns.
Backside line
These 4 dividend shares every provide one thing a bit totally different, however all share one factor in frequent: they’re constructed to final. When markets appropriate, the intuition is to flee. However long-term buyers know that’s when one of the best alternatives come up. Shopping for these reliable dividend payers now may imply locking in larger yields and having fun with regular development for many years to return. Simply as importantly, it means letting worry create alternative, and that’s one thing the market at all times rewards.
