10 High-Growth Canadian Dividend Stocks To Buy Now

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1. Canadian Pacific Kansas City Limited (NYSE:CP)

Average 5-Year Revenue Growth Rate: 14.24%

Dividend Yield as of July 25: 0.86%

Number of Hedge Fund Holders: 65

Canadian Pacific Kansas City Limited (NYSE:CP) is one of the best high growth stocks. On June 11, Canadian Pacific announced a debt offering through its subsidiary, Canadian Pacific Railway Company, involving the issuance of C$1.4 billion in senior notes. The offering comprises C$500 million in 4.00% notes due 2032, C$600 million in 4.40% notes due 2036, and C$300 million in 4.80% notes due 2055, all of which will be fully guaranteed by CP.

The transaction was set to close on June 13, 2025, given that the customary closing conditions were met. Net proceeds from the offering will go toward the refinancing of Canadian Pacific Railway Company’s existing debt obligations and utilized for general corporate purposes.

Scotia Capital, BMO Nesbitt Burns, CIBC World Markets, and RBC Capital Markets were leading the offering as joint bookrunners and agents. It is important to note that since the securities are not registered under US federal securities laws, their sale or distribution within the US is restricted unless an exemption is eligible or formal registration is completed.

Canadian Pacific Kansas City Limited (NYSE:CP) operates a transcontinental freight railway across Canada, the United States, and Mexico. The company provides rail and intermodal transportation services to move bulk commodities, industrial products, and consumer merchandise.

While we acknowledge the potential of CP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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