8 Best Canadian Dividend Stocks For Income Investors

3. Canadian Natural Resources Ltd (NYSE:CNQ)

Number of Hedge Fund Investors: 45

Calgary, Canada-based oil and natural gas company Canadian Natural Resources Ltd (NYSE:CNQ) is one of the best dividend stocks for income investors based on hedge fund sentiment. Canadian Natural Resources Ltd (NYSE:CNQ) has 45 years of consistent dividend increases under its belt. Over the past three years, Canadian Natural Resources Ltd (NYSE:CNQ) dividend growth rate came in at 29.60%.  Canadian Natural Resources Ltd (NYSE:CNQ) also awards investors with special dividends as it did in 2022 when oil prices were elevated.

In the first quarter, Canadian Natural Resources Ltd’s (NYSE:CNQ) adjusted funds flow reached $3.1 billion, while adjusted net earnings from operations amounted to $1.5 billion. Out of this, $1.1 billion were paid in dividends.