Dividend Challengers List Ranked By Yield: Top 10

7. BCE Inc. (NYSE:BCE)

Dividend Yield as of February 3: 5.71%

BCE Inc. (NYSE:BCE) is a Canada-based communications company that provides broadband wireless, internet, and other related services. In January, CIBC lifted its price target on the stock to C$64 with a Neutral rating on the shares, highlighting the company’s performance and balance sheet.

On February 2, BCE Inc. (NYSE:BCE) announced a 5.2% hike in its quarterly dividend to C$0.9675 per share. The company has been raising its dividends for over five years, which places it as one of the best dividend stocks on our list. The stock has a dividend yield of 5.71%, as of February 3.

As of the close of Q3 2022, 10 hedge funds owned stakes in BCE Inc. (NYSE:BCE), as per Insider Monkey’s database. The collective value of these stakes is over $82 million.