8 Best Canadian Dividend Stocks For Income Investors

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1. Waste Connections Inc (NYSE:WCN)

Number of Hedge Fund Investors: 51

Canadian waste management company Waste Connections Inc  (NYSE:WCN) has a strong dividend growth history. Last year Waste Connections Inc  (NYSE:WCN) upped its dividend by 11.8%. This was the thirteenth consecutive double-digit annual increase since Waste Connections Inc  (NYSE:WCN) started paying dividends.

Insider Monkey’s database of 919 hedge funds shows that 51 hedge funds had stakes in Waste Connections Inc  (NYSE:WCN) as of the end of March. The most notable stake in Waste Connections Inc  (NYSE:WCN) is owned by Sharlyn C. Heslam’s Stockbridge Partners which owns a $401 million stake in Waste Connections Inc  (NYSE:WCN).

Last month Waste Connections Inc  (NYSE:WCN) reported strong Q1 results. Adjusted EPS in the quarter came in at $1.04, beating estimates by $0.04.

Conestoga Capital Advisors Mid-Cap Strategy stated the following regarding Waste Connections, Inc. (NYSE:WCN) in its first quarter 2024 investor letter:

“Waste Connections, Inc. (NYSE:WCN): Based in Houston, TX WCN is a leading provider of non-hazardous waste collection, transfer, disposal, and recycling services in the United States and Canada. WCN demonstrated strong fourth quarter results with increased revenues and earnings. The quarterly results showed strong solid waste pricing and margins. Investors may also be anticipating that the company continues to improve margins and free cash flow over the next 12-24 months.”

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Disclosure: None. This article is originally published at Insider Monkey.

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