Net worth tracking
Login Sign Up
  • All Opinions
  • Top Picks
  • Discover
  • Companies
  • Experts
WATCH LIST
Home » Stock Lists

Top 7 Canadian Bank Stocks that Pay Dividends

Melisa R. H.Melisa R. H. Posted On December 18, 2018
0
2.3K Views
0
0
Shares
  • Share On Facebook
  • Tweet It

Canadian Banks are good quality blue chip stocks and are under-valued right now. They also offer above-average dividend yields. As the interest goes up, the stock tends to appreciate. Here’s the best Canadian banks that pay dividends.

Royal Bank of Canada (RY-T)

Royal Bank (RY-T) — Stockchase
Royal Bank (RY-T) — Stockchase

(A Top Pick Jan 14/20, Up 8%) She continues to like it. She likes them as a group and thinks their earnings will improve this year. The situation was not as dire as the situation was when they made their reserves last year. This puts them in a god position in terms of provisioning. Canadian…

stockchase.com stockchase.com

Toronto Dominion (TD-T)

Toronto Dominion (TD-T) — Stockchase
Toronto Dominion (TD-T) — Stockchase

Canadian banks are under huge pressure with rates so low. Possible that rates go negative next year, and that's a tax on fixed income. One of Canada's strongest banks, along with Royal. They'll figure out a way to make money, no matter what the environment.

stockchase.com stockchase.com

Bank of Nova Scotia (BNS-T)

Bank of Nova Scotia (BNS-T) — Stockchase
Bank of Nova Scotia (BNS-T) — Stockchase

He owns many Canadian banks. Pays a higher dividend than peers and is exposed to Latin America, which offers growth. The Canadian banking sector is undervalued and offers dividend growth. Banks are well capitalized and in great shape.

stockchase.com stockchase.com

Bank of Motnreal (BMO-T)

Bank of Montreal (BMO-T) — Stockchase
Bank of Montreal (BMO-T) — Stockchase

All Canadian banks are good quality with good dividend growth.

stockchase.com stockchase.com

Canadian Imperial Bank of Commerce (CM-T)

Canadian Imperial Bank of Commerce (CM-T) — Stockchase
Canadian Imperial Bank of Commerce (CM-T) — Stockchase

The banks lagged this past year, but their earnings delivered as capital markets delivered. Interest rates have hurt this year, but should tick higher in the future. The banks hold excess capital. They've more than covered loan-loss provisions. They will buy back shares again and do acquisitions. He now likes Canadian banks for the first…

stockchase.com stockchase.com

National Bank of Canada (NA-T)

National Bank of Canada (NA-T) — Stockchase
National Bank of Canada (NA-T) — Stockchase

Along with TD and Royal, three of the greatest Canadian banks. Fee-generating machines. Investing in wealth management side. Big improvement in earnings in 2021. No hesitation in buying.

stockchase.com stockchase.com

Laurentian Bank of Canada (LB-T)

Laurentian Bank (LB-T) — Stockchase
Laurentian Bank (LB-T) — Stockchase

The dividend is probably safe. The Canadian and US banks are so cheap and out of favour that there is a lot of value to be had, but the discount on this one is not that substantial.

stockchase.com stockchase.com

Canadian Western Bank (CWB-T)

Canadian Western Bank (CWB-T) — Stockchase
Canadian Western Bank (CWB-T) — Stockchase

Fine as a holding. But the majors are cheap enough, and they'll move first. Slightly higher losses coming to CWB because of the oil patch. It's a hold. Wouldn't worry about the dividend too much, but he'd prefer one of the majors at this stage.

stockchase.com stockchase.com
Post Views: 2,346
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Xebec Adsorptions Inc, Aphria Inc and More at 52-week Highs (Jan 13-19)
Melisa R. H. January 20, 2021
Richelieu Hardware, Eastmain Resources Inc and More Earnings Reports this Week (Jan 18-22)
Melisa R. H. January 18, 2021
This week’s new 52-week highs… (Dec 12-18)
Read Next

This week’s new 52-week highs… (Dec 12-18)

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Join 39,652 Investors

    Winning in the Market eBook
    We deliver stock ideas to your inbox. Sign up free, get the ebook!

  • Top Reviews

    • The Ugly Truth About Identity Theft – Free Credit Report
      10
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
  • Popular Posts

    • Xebec Adsorptions Inc, Aphria Inc and More at 52-week Highs (Jan 13-19)
    • Richelieu Hardware, Eastmain Resources Inc and More Earnings Reports this Week (Jan 18-22)
    • Questrade vs Others | The Review Competitors Don't Want you to Read (2021)
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
    • Battle of the Stocks: Proven Tech Stocks to Buy in 2021
  • Stock Lists

    • 2 Successful Past Picks: Nuvei & Medtronic
      January 19, 2021
    • 4 Proven Financial Stocks Riding the Blue Wave
      January 13, 2021
    • Top 8 ETF Stocks To Watch in 2021
      January 8, 2021
    • Top 10 Finance Stocks To Watch in 2021
      January 7, 2021
    • Top 5 Energy Stocks To Watch in 2021
      January 6, 2021


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search