No. of Recommendations: 7
5 large banks[TD, BMO, RY,BNS, CM]. They have dividend yields of 3.6% to 4.5%. Their have paid dividends for 10 to 18 years. There does appear to be a hic up in 2009 when they lowered dividends roughly 20%.


The 5 major banks have been paying a dividend uninterrupted for +180 years. Actually NA is also considered a major bank in Canada, so there are 6 major banks.

Some quick facts:

None of them reduced their dividend.


NOTE: The Bank declared its initial dividend at the rate of 3% per annum on July 1, 1833. Payments have been made continuously since. Dividends paid in 1892 and subsequent years have been as follows:,,922,00.html

This practice, coupled with the Bank's strong earnings growth, has led to dividend increases in 42 of the last 45 years - one of the most consistent records for dividend growth among major Canadian corporations.


BMO Financial Group is the longest-running dividend-paying company in Canada. BMO’s policy is to pay out 40% to 50% of its earnings in dividends to shareholders over time


*CIBC has not missed a regular dividend since its first dividend payment in 1868


From memory, NA reduced its dividend in 1992. And has been consistently growing it since.

Started in 1860.


Biggest bank in Canada.
Uninterrupted dividend history +180 years (from memory as cannot find the fact online now).


Since 1857, TD has not missed declaring or paying dividends on its preferred or common share.


Hope this is helpful.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.