5 Canadian Dividend Stocks to Buy

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1. Enbridge Inc (NYSE:ENB)

Number of Hedge Fund Holders: 24

Dividend Yield: 6.5%

Number of Years of Dividend Increases: 8

Enbridge Inc (NYSE:ENB) is yet another energy infrastructure company among the most popular Canadian dividend stocks to buy. It operates pipelines and related terminals to transport crude oil and other liquid hydrocarbons primarily in the US and Canada.

An Outperform rating was placed by Robert Kwan at RBC Capital, on shares of Enbridge Inc (NYSE:ENB) just this November.

ClearBridge Investments, an investment management firm, mentioned Enbridge Inc (NYSE:ENB) in its second-quarter 2021 investor letter. Here’s what they said:

“On a regional basis, the U.S. and Canada was the top contributor to quarterly performance, of which Canadian energy infrastructure company Enbridge was one of the lead performers. Enbridge owns and operates one of the largest oil and gas pipeline networks in North America. The company also owns regulated gas distribution utilities in Ontario, Canada. Enbridge’s Line 3 Replacement Project received a favorable court ruling regarding the adequacy of its Environmental Impact Statement. This significantly lowers the execution risk for the project and enables the company to place the project into service later in the year.”

You can also take a look at the Top 10 Stocks To Buy Now and Bill Gates’ Stock Portfolio: Top 15 Picks.

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