5 Best Canadian Dividend Stocks For Income Investors

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1. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 41

Canadian National Railway Company (NYSE:CNI) tops our list of the best dividend Canadian stocks. The transport company pays a quarterly dividend of C$0.79 per share for a dividend yield of 1.92%, as of May 7. It has been growing its dividends consistently for the past 23 years.

As of the close of Q4 2022, 41 hedge funds tracked by Insider Monkey held stakes in Canadian National Railway Company (NYSE:CNI), worth over $13 billion collectively. With roughly 60 million shares, Bill & Melinda Gates Foundation Trust was the company’s leading stakeholder in Q4.

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You can also take a look at 10 Best Debt Free Dividend Stocks to Buy and 10 Best Small-Cap Value Stocks to Invest In

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