Bank Of Montreal
Toronto symbol BMO, is Canada's fourth-largest bank by assets.
BANK OF MONTREAL $58 (Toronto symbol BMO; Conservative Growth Portfolio, Finance sector; Shares outstanding: 639.0 million; Market cap: $37.1 billion; Price-to-sales ratio: 2.1; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.bmo.com) currently pays quarterly dividends of $0.70 a share.
The bank will now let shareholders reinvest their dividends in additional shares at a 2% discount to the market price. Previously, it …read more »
Canada’s big five banks avoided the problems with subprime mortgages and European sovereign debt that have crippled many of the world’s largest financial firms. The big banks are now using their strong balance sheets to make acquisitions, often at bargain prices, and to upgrade their holdings.
ROYAL BANK OF CANADA $45 (Toronto symbol RY; Conservative Growth Portfolio, Finance sector; Shares outstanding: …read more »
BANK OF MONTREAL $58 (Toronto symbol BMO; Conservative Growth Portfolio, Finance sector; Shares outstanding: 568.1 million; Market cap: $32.9 billion; Price-to-sales ratio: 2.1; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.bmo.com) is Canada’s fourth-largest bank, with assets of $411.6 billion.
The bank earned $2.8 billion in its 2010 fiscal year. That’s up 57.2% from $1.8 billion in fiscal 2009. Earnings …read more »
Canada’s big five banks have posted strong results since the 2007-2009 financial crisis. All five should have no trouble complying with new international regulations aimed at avoiding another crisis. As well, their strength is helping them buy other financial companies in the U.S. and other countries, often at bargain prices.
ROYAL BANK OF CANADA $53 (Toronto symbol RY; Conservative Growth …read more »
BMO DIVIDEND FUND $37.58 (BMO Mutual Funds, 77 King Street West, Suite 4200, Royal Trust Tower, Toronto, Ont., M5K 1J5, 1-800-665-7700; Web site: www.bmo.com. No load — deal directly with the bank) (CWA Rating: Conservative) currently holds about 43.3% of its portfolio in the Financial services industry. Its next-largest holding is Energy at 23.1%.
The $3.7 billion BMO Dividend Fund’s largest …read more »
ISHARES DIVIDEND INDEX FUND $16.92 (Toronto symbol XDV; buy or sell through a broker) currently holds the 30 highest yielding Canadian stocks. Stocks are included in the index based on their dividend growth, yield and average payout ratio.
The weight of any one stock in the fund is limited to 10% of the fund’s assets. iShares Dividend Index Fund’s MER is …read more »
We continue to recommend that all investors own at least two of Canada’s big-five banks – Bank of Montreal, Royal Bank, CIBC, TD Bank and Bank of Nova Scotia. These are key safe investments for a portfolio. But these should not be the extent of your financial holdings. It is also essential to diversity within each economic sector. Other types …read more »
BANK OF MONTREAL $30 (Toronto symbol BMO; Conservative Growth Portfolio, Finance sector; Shares outstanding: 503 million; Market cap: $15.1 billion; Price-to-sales ratio: 0.8; SI Rating: Above Average) is Canada’s fourth-largest bank, with assets of $416.1 billion.
AIG buy probably a bargain
Bank of Montreal continues to focus on its retail banking business and shrink its corporate-lending and stock market-related activities. This should …read more »
Canada’s banking industry is still healthy despite the problems caused by the worldwide credit crisis. Most of the big five banks have also issued new preferred and common shares in the past few months. The extra funds put them in a good position to make timely acquisitions and keep paying above-average dividends.
ROYAL BANK OF CANADA $30 (Toronto symbol RY; Conservative …read more »
BANK OF NOVA SCOTIA 6.25% SERIES 26 PREFERREDS $24.90 (Toronto symbol BNS.PR.T) pay quarterly dividends at a rate of $1.5625 annually and have a current yield of 6.28%. Dividends are paid in April, July, October and January.
Like most Canadian financial institutions, Bank of Nova Scotia’s preferred dividends are non-cumulative. That’s because it’s more advantageous for banks to classify their preferred …read more »
