10 Best Canadian Dividend Stocks To Buy and Hold

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  1. Canadian Pacific Railway Limited (USA) (NYSE:CP)
  2. – Owned by 27 Hedge Funds

    – 1.13% Dividend Yield

    Incorporated in 1881, Canadian Pacific Railway Limited (USA) (NYSE:CP) operates freight train service throughout much of Canada and parts of the U.S. A stock favored by several of the billionaire investors in our database, CP is coming off an impressive second-quarter in which it blew away expectations with CAD2.77 ($2.22) per share in earnings. That prompted several analysts to raise their price targets on the stock, including Wells Fargo’s Matthew Troy, who is impressed with CP management’s ability to drive top-line growth.

    Follow Canadian Pacific Railway Ltd (NYSE:CP)

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