Excessive-yield dividend shares are a horny funding to diversify your portfolio and generate regular earnings. Nevertheless, not each high-yield inventory is price holding for the lengthy haul. The most effective ones provide compelling yields backed by firms with resilient enterprise fashions, robust fundamentals, the power to generate worthwhile progress, and a confirmed historical past of rewarding shareholders by way of completely different market situations.
Towards this backdrop, here’s a high-yield dividend inventory you should buy and maintain for a decade.
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A high TSX inventory with a excessive yield of over 6%
Earnings-focused buyers searching for a dependable, high-yield dividend inventory to carry for a decade may think about SmartCentres REIT (TSX:SRU.UN). Whereas many TSX dividend shares provide sustainable yields, this actual property funding belief stands out for its enticing yield, reliable distributions, and strong underlying enterprise.
SmartCentres pays a month-to-month distribution of $0.154 per unit, yielding over 6%. Additional, these distributions are supported by a high-quality actual property portfolio and constant money circulate.
The REIT owns a diversified portfolio of retail and mixed-use properties situated in Canada’s key areas. These strategically positioned belongings proceed to draw tenants and help robust leasing demand, serving to SmartCentres keep excessive occupancy charges whereas benefiting from rental progress. Consequently, the belief has generated wholesome web working earnings (NOI), offering a strong basis for its month-to-month distributions.
One other key benefit is the power of its tenant base. SmartCentres leases its properties to a variety of established and financially secure tenants, decreasing hire assortment danger and contributing to predictable money flows. This stability helps its payouts during times of financial uncertainty.
With its confirmed observe file of dependable month-to-month payouts and a horny yield of over 6%, SmartCentres REIT stays a horny choice for buyers trying to generate reliable passive earnings for a decade or extra.
SmartCentres’ Q1 earnings: Leasing momentum stays robust
SmartCentres kicked off 2026 with one other quarter of regular working efficiency. The REIT reported Identical Properties NOI progress of 1.4% yr over yr in Q1 2026, or 3.4% excluding anchor tenants. The beneficial properties have been pushed by a robust tenant base and better buyer visitors.
SmartCentres’ leasing fundamentals remained strong. In-place and dedicated occupancy reached 97.6% as of March 31, 2026, reflecting the resilience of its retail properties regardless of broader financial uncertainty. Roughly 80% of leases scheduled to run out in 2026 have already been prolonged, with rental spreads remaining sturdy.
Leasing exercise remained wholesome all through the quarter. SmartCentres leased 55,795 sq. ft of beforehand vacant house whereas executing a further 51,604 sq. ft of recent retail leases, reflecting ongoing demand from tenants looking for well-located retail house.
The REIT’s retention fee stayed excessive, whereas hire assortment remained near 99%, reflecting the strong high quality of its tenant base and the steadiness of its money flows.
SmartCentres to maintain rewarding shareholders
SmartCentres continues to learn from the power of its retail portfolio, supported by strong leasing exercise, excessive occupancy charges, and rising rental earnings. These fundamentals present a robust basis for the REIT to keep up its enticing month-to-month distributions.
Past its core operations, SmartCentres is unlocking worth from its in depth underutilized landbank. The corporate can also be increasing its mixed-use growth pipeline, creating new income streams and enhancing its long-term progress potential.
In abstract, SmartCentres stays a compelling high-yield dividend inventory to generate passive earnings over the subsequent decade.
