Top 7 Canadian Bank Stocks that Pay Dividends

It's rare to buy RY at 1.5x book plus get paid a yield over 5%. It's the most diverse bank and large in everything they do. If there are higher provisions for loan losses, they are one of the least-sensitive of the banks. (Analysts’ price target is $105.13)

US acquisitions? He likes holding this and it is the only holding in the banking space they own. The correlation risk of banks to the market scares them. The US market drives about one-third of their revenue. Their wealth management and retail business sets them up well for when the economic recovery takes hold. At…

(A Top Pick Feb 11/19, Down 26%) This can still fall further, though it has a lot. Now, it's very cheap and pays a fine yield. It's fairly safe to buy it. The banks are close to the bottom.

At this particular point in time, he wouldn't put fresh capital in the bank sector. They are near their high. A good company but a little too rich. He would wait a few weeks or month to participate in any of the banks.

Preferred shares? He holds preferreds for their clients. These are senior to common stock and are more risky than bonds. The preferred market is unique to Canada and lacks liquidity at times. The yields are very attractive at 6% or higher. Just be careful of the difference between the "rate reset" offerings that renew their…

He owns the other chartered banks. He regrets that since the shares have done really well against its peers. A large focus on technology loans, with a good dividend. He sees good things yet to come. At these valuations, he would continue to hold. (Analysts’ price target is $72.00)

Challenged, as it's a smaller bank and has to compete with the larger ones. Transition period right now. In the short-term, deposits are flat and loan books are down. Instead, look at the other six. Payout ratio is as high as it can go. Yield is 6%.

Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and…