Just for information, BMO was established in 1817 and is the longest running dividend paying company in Canada.
Any of the six banks should be in one's CDN core holdings of stocks. They traditionally increased their dividend each year by 8%-10%. During the financial crisis they stopped the increases (actually the gov't would not allow them to re-install the dividends for awhile) but none of the banks cut their dividend.
BMO also purchased a US bank in 2011 I believe which it now calls BMO Harris.
I own BMO, BNS, NA, RY & CM and increased my holdings in each during 2009. With div reinvestment I'm way ahead even though the price of each is not at the prior peaks.
Any of the six banks should be in one's CDN core holdings of stocks. They traditionally increased their dividend each year by 8%-10%. During the financial crisis they stopped the increases (actually the gov't would not allow them to re-install the dividends for awhile) but none of the banks cut their dividend.
BMO also purchased a US bank in 2011 I believe which it now calls BMO Harris.
I own BMO, BNS, NA, RY & CM and increased my holdings in each during 2009. With div reinvestment I'm way ahead even though the price of each is not at the prior peaks.