8 Best Canadian Dividend Stocks For Income Investors

2. Agnico Eagle Mines Ltd (NYSE:AEM)

Number of Hedge Fund Investors: 46

Canadian gold mining company Agnico Eagle Mines Ltd (NYSE:AEM) is one of the best Canadian dividend stocks for income investors based on hedge fund sentiment. As of the end of the first quarter of 2024, 46 hedge funds reported owning stakes in Agnico Eagle Mines Ltd (NYSE:AEM). The biggest stake in Agnico Eagle Mines Ltd (NYSE:AEM) is owned by Jean-Marie Eveillard’s First Eagle Investment Management which owns a $411 million stake in Agnico Eagle Mines Ltd (NYSE:AEM). Over the past five years Agnico Eagle Mines Ltd’s (NYSE:AEM) dividend growth rate stands at 33%, while its payout ratio is about 67%

Last month Agnico Eagle Mines Ltd (NYSE:AEM) posted solid Q1 results. Adjusted EPS in the period came in at $0.76 beating estimates by $0.16. Revenue in the quarter jumped 21.2% year over year to $1.83 billion, beating estimates by $50 million.