5 Canadian Dividend Stocks With Over 3% Yield

2. BCE Inc. (NYSE:BCE)

Dividend Yield as of February 11: 5.55%

Number of Hedge Fund Holders: 15

BCE Inc. (NYSE:BCE) is a Canadian holding company operating in the telecommunications and mass media industries, providing fixed line and mobile telephony, internet services, digital television, radio broadcasting, and print services. 

On November 4, BCE Inc. (NYSE:BCE) declared a C$0.875 per share quarterly dividend, in line with previous. The dividend was paid on January 15, to shareholders of record on December 15. BCE Inc. (NYSE:BCE) delivers a 5.55% yield as of February 11, and is one of the top Canadian dividend stocks. 

Desjardins analyst Jerome Dubreuil raised the price target on BCE Inc. (NYSE:BCE) to C$66 from C$64 and kept a Hold rating on the shares on November 8.

John Overdeck and David Siegel’s Two Sigma Advisors is the largest BCE Inc. (NYSE:BCE) stakeholder as of Q3 2021, with 904,927 shares worth $45.3 million. Overall, 15 hedge funds reported owning stakes in BCE Inc. (NYSE:BCE) in the third quarter of 2021, with stakes totaling $129.1 million.