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Royal Bank of Canada (RY $221.49)
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Toronto-Dominion Bank (The) (TD $129.34)
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Bank of Nova Scotia (The) (BNS $97.67)
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Canadian Imperial Bank Of Commerce (CM $134.71)
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National Bank of Canada (NA $185.69)
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Bank Of Montreal (BMO $141.94)
Q: I invest in companies that have a track record of growing dividends. A chunk of my portfolio is invested in Canadian bank stocks which up to this year had a nice record of increasing dividends. In 2020 TD and RY did increase early in the year - but Covid brought a halt to increases from BMO and BNS. When do you think the banks will begin to think about increases - is 2021 too early and does OFSI (or whatever they are called) have a say and will they disallow.
Thanks
Thanks