5 High-Growth Canadian Dividend Stocks to Invest In

4. Canadian National Railway Company (NYSE:CNI)

5-Year Average Annual Dividend Growth Rate: 11.2%
Dividend Yield as of March 15: 1.99%

Canadian National Railway Company (NYSE:CNI) is a transport company that provides services in trucking and rail shipping. In January, BMO Capital maintained an Outperform rating on the stock with a C$180 price target, appreciating the company’s earnings.

Canadian National Railway Company (NYSE:CNI) currently pays a quarterly dividend of C$0.79 per share, raising it by 7.8% on January 24. Through this increase, the company took its dividend growth streak to 23 years, coming through as one of the high-growth Canadian dividend stocks on our list. The stock’s dividend yield on March 15 came in at 1.99%.

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.

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