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|
|BRITISH AMERICAN TOBACCO||36.45||0.0||0.00||2.68||7.31|
|MAIN STREET CAPITAL||41.62||14.4||2.89||2.46||5.78|
|PHILIP MORRIS INTERNATIONAL||81.05||16.4||4.95||4.56||5.60|
|CANADIAN IMPERIAL BANK OF COMMERCE||78.00||9.0||8.63||4.14||5.26|
|BANK OF NOVA SCOTIA||52.91||10.4||5.10||2.66||4.99|
|WP CAREY & CO||84.82||26.9||3.15||4.14||4.87|
|ROYAL BANK OF CANADA||79.89||12.1||6.58||3.12||3.83|
|ILLINOIS TOOL WORKS||150.32||20.0||7.51||4.00||2.64|
|JOHNSON CONTROLS INTERNATIONAL||41.06||16.0||2.56||1.04||2.49|
|EAST WEST BANCORP||44.85||9.6||4.65||1.10||2.44|
|BANK OF AMERICA||29.19||10.8||2.69||0.60||2.05|
|LAURENTIAN BANK OF CANADA||34.11||0.0||0.00||0.00||0.00|
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