-
Royal Bank of Canada (RY $230.98)
-
Toronto-Dominion Bank (The) (TD $129.93)
-
Bank of Nova Scotia (The) (BNS $103.16)
-
Canadian Imperial Bank Of Commerce (CM $130.51)
-
National Bank of Canada (NA $174.78)
-
Bank Of Montreal (BMO $141.02)
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