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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
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MESABI TRUST 29.16   8.6 3.37 0.84 12.20
CENTURYLINK 11.79   0.0 -7.51 1.00 8.16
IRON MOUNTAIN 30.15   24.9 1.21 2.44 8.04
BRITISH AMERICAN TOBACCO 36.45   0.0 0.00 2.68 7.31
ALTRIA GROUP 49.45   15.1 3.28 3.20 6.46
ABBVIE 68.32   19.6 3.49 4.28 6.09
ENBRIDGE 36.11   22.4 1.61 2.20 6.04
BP 39.28   13.4 2.94 2.44 6.00
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
PPL 30.39   11.9 2.56 1.65 5.41
WILLIAMS 27.72   0.0 -0.02 1.52 5.28
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
LYONDELLBASELL INDUSTRIES 85.73   7.8 11.05 4.20 4.89
WP CAREY & CO 84.82   26.9 3.15 4.14 4.87
IBM 143.07   15.1 9.48 6.48 4.52
VERIZON COMM 57.22   14.8 3.88 2.41 4.19
KEYCORP 17.13   10.0 1.72 0.68 3.87
REALTY INCOME 69.92   52.2 1.34 2.72 3.86
TORONTO-DOMINION BANK 58.81   12.5 4.71 2.26 3.85
ROYAL BANK OF CANADA 79.89   12.1 6.58 3.12 3.83
GILEAD SCIENCES 66.92   14.8 4.53 2.52 3.70
GENERAL MILLS 53.05   18.3 2.90 1.96 3.69
DIGITAL REALTY 119.37   94.7 1.26 4.32 3.61
EATON 79.35   15.8 5.03 2.84 3.52
ARCHER-DANIELS-MIDLAND 40.31   13.8 2.91 1.40 3.35
3M 174.67   18.5 9.43 5.76 3.33
NETAPP 59.32   13.1 4.53 1.92 3.16
CUMMINS 169.29   11.0 15.43 5.24 2.66
ILLINOIS TOOL WORKS 150.32   20.0 7.51 4.00 2.64
POLYONE 30.19   16.1 1.88 0.78 2.58
INTEL 49.39   11.2 4.42 1.26 2.51
JOHNSON CONTROLS 41.06   16.0 2.56 1.04 2.49
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
HONEYWELL INTERNATIONAL 168.62   18.7 9.02 3.28 1.87
APPLE 203.35   17.1 11.89 3.08 1.50
RESMED 123.78   40.2 3.08 1.48 1.20
LAURENTIAN BANK OF CANADA 34.11   0.0 0.00 0.00 0.00