[quote='Roadmap2Retire' pid='8004' dateline='1437617229'
These are great times for building solid positions in Canadian banks. Like you know, Canadian banks are well run, much more conservative than the rest of the financial industry, and long term prospects are always their top priority. The institutions have a spectacular record of continuous dividends paid since 1829 (BMO), 1832 (BNS), 1857 (TD), 1868 (CM), 1870 (RY).
[/quote]
Besides their dividend payment history, I don't think any of them have ever CUT the dividend, which is even more impressive!
Buy and add to the banks when the price drops and watch your long term yield continue to grow.
Just a side note: Setup a one stock retirement fund for the grandkids, BNS in 2007. Price was 51.00 and dividend 1.68/sh, with yield of 3.3% Added funds periodically and their current yield on their total investment is now 5.25%. Once they take over the stock and begin adding funds I expect they will be able to retire quite young with this one investment. BNS history suggests it.
These are great times for building solid positions in Canadian banks. Like you know, Canadian banks are well run, much more conservative than the rest of the financial industry, and long term prospects are always their top priority. The institutions have a spectacular record of continuous dividends paid since 1829 (BMO), 1832 (BNS), 1857 (TD), 1868 (CM), 1870 (RY).
[/quote]
Besides their dividend payment history, I don't think any of them have ever CUT the dividend, which is even more impressive!
Buy and add to the banks when the price drops and watch your long term yield continue to grow.
Just a side note: Setup a one stock retirement fund for the grandkids, BNS in 2007. Price was 51.00 and dividend 1.68/sh, with yield of 3.3% Added funds periodically and their current yield on their total investment is now 5.25%. Once they take over the stock and begin adding funds I expect they will be able to retire quite young with this one investment. BNS history suggests it.