5 Best Canadian Dividend Stocks For Income Investors

In this article, we discuss 5 best Canadian dividend stocks for income investors. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Best Canadian Dividend Stocks For Income Investors. 

5. Thomson Reuters Corporation (NYSE:TRI)

Number of Hedge Fund Holders: 19

Thomson Reuters Corporation (NYSE:TRI) is a Canadian multinational conglomerate that specializes in real-time news coverage. On May 2, the company declared a quarterly dividend of $0.49 per share, consistent with its previous dividend. In 2022, the company stretched its dividend growth streak to 30 years. With a dividend yield of 1.64% as of May 7, it is among the best dividend Canadian stocks on our list.

National Bank raised its price target on Thomson Reuters Corporation (NYSE:TRI) in May to C$184 and maintained a Sector Perform rating on the shares, highlighting the company’s quarterly earnings.

As of the close of Q4 2022, 19 hedge funds in Insider Monkey’s database were long Thomson Reuters Corporation (NYSE:TRI). The stakes owned by these hedge funds have a collective value of nearly $289 million. Among these hedge funds, Junto Capital Management was the company’s leading stakeholder in Q4.