5 Best Canadian Dividend Stocks For Income Investors

3. Imperial Oil Limited (NYSE:IMO)

Number of Hedge Fund Holders: 23 

Imperial Oil Limited (NYSE:IMO) is a subsidiary of America’s ExxonMobil and specializes in petroleum refining. On April 28, the company raised its quarterly dividend for the 28th consecutive year to C$0.50 per share. Moreover, the company has paid uninterrupted dividends to shareholders for over a century, which makes it one of the best dividend Canadian stocks on our list. The stock’s dividend yield came in at 3.17% on May 7.

At the end of Q4 2022, the number of hedge funds tracked by Insider Monkey owning stakes in Imperial Oil Limited (NYSE:IMO) grew to 23, from 19 in the previous quarter. These stakes have a consolidated value of over $164.6 million.

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