Top 5 Canadian Dividend Aristocrats to Buy Now

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1. Enbridge Inc. (NYSE:ENB)

Number of Hedge Fund Holders: 24

Dividend Yield: 6.6%

Number of Years of Dividend Growth: 27

Enbridge Inc. (NYSE:ENB) is another energy company on our list of the top Canadian dividend aristocrats to buy now, having raised its dividend yield without fail for the past 27 years. The company invests in natural gas pipelines and gathering and processing facilities in the US and Canada, alongside providing services related to energy infrastructure.

Patrick Kenny, an analyst at National Bank, holds an Outperform rating on shares of Enbridge Inc. (NYSE:ENB) as of this May.

In the fiscal first quarter of 2022, Enbridge Inc. (NYSE:ENB) had an EPS of $0.6, beating the previous quarter’s EPS of $0.5. The company’s revenue was $11.7 billion, also beating the previous quarter’s revenue of $9.8 billion.

Out of 912 hedge funds, 24 hedge funds were long Enbridge Inc. (NYSE:ENB) in the first quarter of 2022, with a total stake value of $2.4 billion. In comparison, 21 hedge funds held stakes in the stock in the previous quarter, with a total stake value of $550 million.

You can also take a look at 10 Best Construction Materials Stocks To Buy Now and 30 Richest Cities in America.

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