5 Canadian Dividend Stocks With Over 3% Yield

In this article, we discuss 5 Canadian dividend stocks with over 3% yield. If you want our detailed analysis of these stocks, go directly to 10 Canadian Dividend Stocks With Over 3% Yield. 

5. Suncor Energy Inc. (NYSE:SU)

Dividend Yield as of February 11: 4.40%

Number of Hedge Fund Holders: 32

Suncor Energy Inc. (NYSE:SU) is headquartered in Calgary, Alberta, specializing in synthetic crude oil, petroleum, natural gas, and petrochemicals. Suncor Energy Inc. (NYSE:SU)’s dividend yield as of February 11 came in at 4.40%, making it one of the top Canadian dividend stocks with over 3% yield. 

Suncor Energy (NYSE:SU) declared on October 28 a C$0.42 per share quarterly dividend, which reflects a 100% increase from its prior dividend of C$0.21. The dividend was paid December 24, to shareholders of record on December 3. 

Scotiabank analyst Jason Bouvier raised the price target on Suncor Energy (NYSE:SU) to C$38 from C$37 and kept an Outperform rating on the shares on January 13.

According to Insider Monkey’s third quarter database, 32 hedge funds were long Suncor Energy (NYSE:SU), with stakes valued at $1.08 billion. Arrowstreet Capital is the biggest Suncor Energy (NYSE:SU) stakeholder, with 8.88 million shares worth $184 million.