5 Best Canadian Dividend Stocks For Income Investors

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In this article, we discuss 5 best Canadian dividend stocks for income investors. If you want to read our detailed analysis of the Canadian stock market and the past performance of Canadian dividend stocks, go directly to read 12 Best Canadian Dividend Stocks For Income Investors.

5. Imperial Oil Limited (NYSE:IMO)

Number of Hedge Fund Holders: 25

Imperial Oil Limited (NYSE:IMO) is a Canadian integrated energy company engaged in various aspects of the petroleum industry. The company offers a quarterly dividend of C$0.50 per share and has a dividend yield of 2.52%, as of January 30. It has been rewarding shareholders with growing dividends for the past 28 years, which makes IMO one of the best Canadian dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in Imperial Oil Limited (NYSE:IMO) jumped to 25 in Q3 2023, from 19 in the previous quarter. The consolidated value of these stakes is roughly $293 million. With over 22 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q3.

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