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Author: IKan Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8751  
Subject: Re: Canadian Banks Date: 2/2/2013 2:41 PM
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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%.




Incorrect.


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.

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BNS

http://www.scotiabank.com/ca/en/0,,3098,00.html


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:

http://www.scotiabank.com/ca/en/0,,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.

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BMO

http://www.bmo.com/home/about/banking/investor-relations/sha...

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

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CM

https://www.cibc.com/ca/pdf/investor/q412factsheet.pdf


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

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NA

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

Started in 1860.


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RY

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


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TD

http://www.td.com/investor-relations/ir-homepage/share-infor...

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

=========================================================

Hope this is helpful.

IKan
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