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The Retiree's Dividend Portfolio - Jane's April Update: Why You Should Consider Canadian Banks

Published Fri, 24 May 2019 14:41:52 -0400 on Seeking Alpha

It's hard to top a month like March (my article can be found here) when it produced a massive amount of dividend income and eight companies paid increased dividends. So when April produced even more dividend income and had an additional seven companies that raised their dividend, I couldn't be more ecstatic to do a writeup on the results.
April is one of the months for the Canadian banks in Jane's portfolio to announce their increases and includes the following bank stocks:
Bank of Nova Scotia (BNS) Canadian Imperial Bank of Commerce (CM) Toronto-Dominion Bank (TD) The first two banks on the list increase their dividends twice per year, usually during the months of April and October. TD on the other hand typically pays an increased dividend during the month of April. What should make dividend investors interested in Canadian banks is their history of paying dividends (albeit not always increasing) but consistent nonetheless.
BNS has paid an uninterrupted dividend since 1832. CM has paid an uninterrupted dividend since 1868. TD has paid an uninterrupted dividend since 1857. Data by YCharts
TD has recently outperformed its counterparts since 2017, which has put pressure on its yield even as it continues to push double-digit increases. It also means that BNS and CM are both currently trading at a discount relative to their historical pricing. With that said, TD's most recent earnings report looks more promising than BNS and CM.
Data by YCharts
In addition to... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CENTURYLINK 13.53   0.0 -7.43 1.00 7.94
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
BRITISH AMERICAN TOBACCO 37.99   0.0 0.00 2.68 6.64
BP 37.67   14.3 2.64 2.44 6.45
ENBRIDGE 34.70   19.7 1.76 2.21 6.38
ABBVIE 70.83   26.0 2.72 4.28 6.28
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
WILLIAMS 24.29   303.6 0.08 1.52 6.12
MAIN STREET CAPITAL 43.18   16.8 2.57 2.46 5.69
PPL 30.88   12.7 2.43 1.65 5.50
CANADIAN IMPERIAL BANK OF COMMERCE 81.35   9.5 8.59 4.33 5.17
LYONDELLBASELL INDUSTRIES 83.78   8.8 9.53 4.20 4.94
BANK OF NOVA SCOTIA 56.20   11.2 5.02 2.70 4.79
WP CAREY & CO 88.72   31.4 2.83 4.14 4.73
IBM 143.62   14.8 9.68 6.48 4.47
KEYCORP 18.03   10.7 1.68 0.74 4.08
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
TORONTO-DOMINION BANK 56.54   11.9 4.74 2.22 4.02
ROYAL BANK OF CANADA 78.79   11.9 6.61 3.16 4.00
GILEAD SCIENCES 66.36   14.4 4.61 2.52 3.76
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
GENERAL MILLS 54.09   18.6 2.90 1.96 3.59
MESABI TRUST 24.73   7.3 3.37 0.84 3.57
NETAPP 56.36   14.4 3.90 1.92 3.52
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
3M 170.58   20.6 8.28 5.76 3.41
DIGITAL REALTY 126.53   116.1 1.09 4.32 3.38
EATON 87.30   17.0 5.14 2.84 3.27
CUMMINS 165.05   10.1 16.38 5.24 3.20
ILLINOIS TOOL WORKS 159.85   21.5 7.45 4.28 2.54
BANK OF AMERICA 29.67   10.6 2.80 0.72 2.45
INTEL 53.01   12.4 4.29 1.26 2.43
JOHNSON CONTROLS 44.30   6.7 6.57 1.04 2.42
JOHNSON CONTROLS INTERNATIONAL 44.30   6.7 6.57 1.04 2.42
EAST WEST BANCORP 45.79   10.2 4.50 1.10 2.39
POLYONE 34.40   19.2 1.79 0.78 2.29
HONEYWELL INTERNATIONAL 168.63   17.9 9.44 3.28 1.93
APPLE 223.08   19.0 11.73 3.08 1.42
RESMED 133.96   47.8 2.80 1.56 1.16
LAURENTIAN BANK OF CANADA 34.05   0.0 0.00 0.00 0.00

CENTURYLINK - CTL
CENTURYLINK - CTL  


Older articles featuring Centurylink (CTL):
Q3 2019 Dividend Portfolio Update: New September Dividend Record
Rethinking Retirement: Why Low Or No Yield May Be Better Options
Retirees Stop Chasing Yields - The Ultimate Straw Man
Top Net Payout Yields - September 2019
The Retiree's Dividend Portfolio - Jane's August Update: Price Targets
S&P 500 Top Return Dividend Dogs Save September
100-Stock Dividend Portfolio Update For August 2019
High Yielders
2 S&P 500 High-Dividend Stocks, 6%-8% Yields, Insiders Buying, 4 Tax-Deferred High-Yield Trades - No K-1s
100 WallStar S&P 500 Dogs Fetch Stellar Yield, Gains & Upside For June/July

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