10 Best Canadian Dividend Stocks To Buy and Hold

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  1. Magna International Inc. (USA) (NYSE:MGA)

– Owned by 23 Hedge Funds

– 2.31% Dividend Yield

Auto parts supplier Magna International Inc. (USA) (NYSE:MGA) is next, being owned by 23 hedge funds at the end of March. The company was recently upgraded to ‘Top Pick’ status by Cormark, which likes the company’s strong earnings growth. The firm has a $59 price target on the stock, which is more than 20% greater than its current price. Magna earned $1.53 per share in the first-quarter, beating estimates by $0.19.

Copyright: urfingus / 123RF Stock Photo

Copyright: urfingus / 123RF Stock Photo

Follow Magna International Inc (NYSE:MGA)

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