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Source: Getty Images<\/p>\n
Think beyond high dividend yields<\/p>\n
When building your own pension, it\u2019s tempting to focus on the highest-yielding dividend stocks. However, the best retirement investments aren\u2019t always those with the biggest payouts today \u2014 they\u2019re often the companies that can steadily grow their earnings and dividends for years to come.<\/p>\n
That\u2019s where the best features of both traditional pension plans come together. Like a defined contribution (DC) pension, you control how much you invest and how your money is allocated. But by building a diversified portfolio<\/a> of quality dividend growers, you can work toward creating a dependable income stream that resembles the stability many investors seek from a defined benefit (DB) pension.<\/p>\n Tired of guessing which stocks to buy?<\/p>\n When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor Canada’s total average return is 97% – a market-crushing outperformance compared to 88% for the S&P\/TSX Composite Index.<\/p>\n They revealed what they believe are 10 stocks for investors to buy right now, available when you join Stock Advisor Canada.<\/p>\n * Returns as of July 6th, 2026<\/p>\n You also don\u2019t need to own only monthly dividend stocks<\/a>. Most Canadian companies pay dividends quarterly, and that\u2019s perfectly fine. By allowing dividends to accumulate in your account and withdrawing a set amount each month during retirement, you can effectively create your own monthly \u201cpaycheque.\u201d<\/p>\n Just as importantly, pay attention to valuation. Buying great businesses when they\u2019re trading at reasonable or discounted prices can significantly improve your long-term returns.<\/p>\n One dividend stock example<\/p>\n