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  5. ET: HELLO I have three Canadian banks, BMO, TD, and BNS. [Evertz Technologies Limited]
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Investment Q&A

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Q: HELLO

I have three Canadian banks, BMO, TD, and BNS.

I would like to sell one of them. Which bank would you recommend?

Also, I would like to buy ET.CA for secure dividend income. I would like your advice regarding this.

Thanks for your help.

Henk


Asked by HENK on August 27, 2021
5i Research Answer:

We would consider ET so-so for income. It did cut its dividend in half in 2020 but has since raised it back to the prior level. But it has not been increased since 2014. It still has a net cash position so we are not particularly concerned on the dividend today. But there is very little growth at the company which tempers our overall enthusiasm. On the banks, it is always tough to predict. Today, we would be more interested in selling BMO.