12 Best International Dividend Stocks To Buy Now

6. Canadian National Railway Company (NYSE:CNI)

Dividend Yield as of February 11: 2.23%

Number of Hedge Fund Holders: 44

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that provides rail, intermodal, trucking, and marine services, catering to industries like automotive, coal, agriculture, and consumer goods. On January 31, 2025, Stifel raised their price target on CNI to $125 from $120 while maintaining a Buy rating on the shares. The adjustment follows a decent but unremarkable Q4 earnings report. With strong profit margins of 54.63% and solid financial health, analysts see growth potential but warn that hitting the upper spectrum of the guidance may be ambitious.

Canadian National Railway Company (NYSE:CNI) generated $3.1 billion in free cash flow in 2024, down $800 million from last year due to higher capital spending and lower operating cash flow. The company repurchased over 13 million shares for more than $2.3 billion as of December 2024 under its latest buyback program. The Board approved a 5% dividend increase for 2025, marking 29 consecutive years of growth. It also authorized a new buyback program for up to 20 million shares from February 2025 to February 2026. CNI is one of the best dividend stocks to invest in.

According to Insider Monkey’s Q3 data, 44 hedge funds were long Canadian National Railway Company (NYSE:CNI), compared to 42 funds in the earlier quarter. Bill & Melinda Gates Foundation Trust is the leading stakeholder of the company, with 54.8 million shares valued at $6.4 billion.