Can blue chip stocks be part of your winning investment strategy? A successful long-term approach to investing is to pick winning dividend stocks to hold forever, and as you probably know, it’s a lot harder to do for a consistent period of time than you can imagine.

Many investors and stock analysts will share their opinions on many different stocks. Still, the reality is that there are proven businesses with a long history of growth and success through good and bad times.

Those blue-chip companies often have a leg up on the competition and lead the way with consumers for recognition, but blue-chip stocks don’t stand out as high-yield stocks.

Here is what you will learn:

What a blue chip stock is
The complete list of blue-chip stocks on the Toronto Stock Exchange
The top 10 blue chip stocks

What Are Blue Chip Stocks?

A blue-chip stock has the following characteristics:

The company is a leader in market capitalization within its sector, its country and in its business segment.
The company will often have products well-known to everyone and established within the household.
The company will often pay a dividend and have paid a dividend consistently for many years. While it’s not required to pay a dividend or increase the dividend, they usually have established the pattern.

Blue chip stocks are considered more defensive and can weather stock market storms. It doesn’t mean the stock price will not go down, it means they are expected to recover due to their established business and strong foothold.

The blue-chip reference comes from the understanding that a blue chip is the most valuable poker chip if you are curious about the reference. Watch this video for a great explanation.

Stay on top of your next investment decision with the Dividend Snapshot Screeners. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio.

Canadian Blue Chip Stocks

Here is what I consider to be the complete list of blue-chip stocks on the Toronto Stock Exchange. I identified around 50 blue chip stocks from the Toronto Stock Exchange.

Ticker	Company	Sector	MarketCap	PE	Country	Graph
RY	Royal Bank	Financial Services	237.40	14.88	Canada	1
TD	TD Bank	Financial Services	149.76	19.83	Canada	1
ENB	Enbridge	Energy	119.82	21.08	Canada	1
BN	Brookfield Corp	Financial Services	108.80	91.62	Canada	1
TRI	Thompson Reuters	Industrials	108.14	0.00	Canada	1
CP	Canadian Pacific Railway	Industrials	107.81	30.89	Canada	1
BAM.A	Brookfield Asset Management	Financial Services	101.83	22.95	Canada	1
CNR	Canadian National Railway	Industrials	99.05	18.62	Canada	1
CNQ	Canadian Natural Resources	Energy	95.51	12.73	Canada	1
CSU	Constellation Software	Technology	91.95	104.41	Canada	1
BNS	Scotia Bank	Financial Services	90.99	12.88	Canada	1
BMO	Bank of Montreal	Financial Services	89.13	14.06	Canada	1
NGT	Newmont	Basic Materials	83.64	0.00	Canada	1
CM	CIBC	Financial Services	78.22	12.00	Canada	1
ATD	Alimentation Couche-Tard	Consumer Defensive	71.40	19.79	Canada	1
MFC	Manulife	Financial Services	70.68	17.06	Canada	1
TRP	TC Energy	Energy	65.55	19.09	Canada	1
SU	Suncor	Energy	63.22	8.52	Canada	1
WCN	Waste Connections	Industrials	61.85	52.98	Canada	1
AEM	Agnico Eagle Mines	Basic Materials	55.30	66.45	Canada	1
L	Loblaw	Consumer Defensive	54.28	26.89	Canada	1
IMO	Imperial Oil	Energy	50.81	9.91	Canada	1
ABX	Barrick Gold	Basic Materials	47.95	23.47	Canada	1
IFC	Intact Financial	Financial Services	46.58	23.01	Canada	1
SLF	Sun Life Financial	Financial Services	45.15	14.80	Canada	1
BCE	BCE	Communication Services	43.37	22.11	Canada	1
NA	National Bank	Financial Services	43.13	12.35	Canada	1
GWO	Great West Life	Financial Services	42.74	11.85	Canada	1
FFH	Fairfax Financial	Financial Services	41.86	7.62	Canada	1
CVE	Cenovus Energy	Energy	41.74	8.96	Canada	1
DOL	Dollarama Inc	Consumer Defensive	38.56	35.45	Canada	1
WPM	Wheaton Precious Metals Corp	Basic Materials	38.31	49.46	Canada	1
TECK.B	Teck Resources	Basic Materials	36.84	25.50	Canada	1
T	Telus	Communication Services	33.58	42.75	Canada	1
FNV	Franco-Nevada Corp	Basic Materials	32.64	0.00	Canada	1
PPL	Pembina Pipeline	Energy	32.31	17.08	Canada	1
NTR	Nutrien	Basic Materials	32.27	29.97	Canada	1
QSP.UN	Restaurant Brands International Limited Partnership	Consumer Cyclical	31.61	15.55	Canada	1
QSR	Restaurant Brands International	Consumer Cyclical	30.56	17.81	Canada	1
FTS	Fortis	Utilities	30.49	19.30	Canada	1
WN	George Weston	Consumer Defensive	29.75	25.56	Canada	1
WSP	WSP Global	Industrials	29.63	49.83	Canada	1
RCI.B	Rogers	Communication Services	29.00	33.80	Canada	1
CCO	Cameco	Energy	28.23	111.84	Canada	1
H	Hydro One	Utilities	28.12	25.09	Canada	1
POW	Power Corporation	Financial Services	27.46	9.89	Canada	1
BAM	Brookfield Asset Management	Financial Services	26.73	43.21	Canada	1
BIP.UN	Brookfield Infrastructure Partners	Utilities	21.99	0.00	Canada	1
TOU	Tourmaline Oil	Energy	21.64	14.52	Canada	1
GFL	GFL Environment	Basic Materials	20.85	0.00	Canada	1

Top 10 Canadian Blue Chip Stocks

Below is the list of the best-ranked blue chip stocks from the Dividend Snapshot Screener. I own a number of the stocks listed; see my stock holdings for more details. All data points are accurate as of the time of writing.

What you may find interesting is that many of the Canadian Dividend Blue Chip Stocks also trade on the NYSE as cross-listed stocks. Please note that from a market capitalization perspective, none of the Canadian REITs have made it to the list below, unlike many of the Canadian big banks dominating the market cap race in Canada.

The following list represents Canadian dividend stocks to hold forever – if you were to evaluate the holdings of many ETFs or mutual funds, you would find those companies in many of them.