5 Canadian Dividend Stocks to Buy for 2022

Page 1 of 5

In this article, we discuss the 5 best Canadian dividend stocks to buy for 2022. If you want to read our detailed analysis of the Canadian financial market, go directly to read 10 Canadian Dividend Stocks to Buy for 2022.

5. Canadian Natural Resources Limited (NYSE:CNQ)

Number of Hedge Fund Holders: 27
Dividend Yield: 4.65%

A Canadian oil and natural gas company, Canadian Natural Resources Limited (NYSE:CNQ) recently landed in hot water as oil prices in Canada declined by 20%. However, expecting the recovery in prices soon, recently, Morgan Stanley initiated its coverage on Canadian Natural Resources Limited (NYSE:CNQ) with an Equal Weight rating and a C$53 price target.

In Q3 2021, 27 hedge funds in Insider Monkey’s database reported owning stakes in Canadian Natural Resources Limited (NYSE:CNQ), the same as in the previous quarter. However, the total value of these stakes grew to roughly $957 million in Q3, from $777.1 million in the preceding quarter.

On November 4, Canadian Natural Resources Limited (NYSE:CNQ) increased its quarterly dividend significantly by 25% at C$0.5875 per share. With a dividend yield of 4.65%, the company remains one of the best Canadian dividend stocks to buy. Since the start of 2021, Canadian Natural Resources Limited (NYSE:CNQ) delivered a 61.66% return to shareholders, as of the close of December 14.

Page 1 of 5