Five Large Canadian Banks Pay Rich Dividends

Large Canadian banks are a source for reliable dividends, making them appropriate choices for a long-term dividend reinvestment portfolio.

Currently, these stocks are down from their all-time highs, so check their price charts before investing.

5 Canadian Dividend-Paying Bank Stocks
Company & Web Site	Quote	Dividend and Yield	Businesses and Products
Bank of Montreal	BMO.TO and BMO	$2.82 (6.76%)	Diversified financial services. More
Bank of Nova Scotia	BNS.TO and BNS	$1.98 (4.14%)	Diversified financial services. More
Canadian Imperial Bank of Commerce	CM.TO and CM	$3.43 (5.75%)	Diversified financial services. More
Royal Bank of Canada	RY.TO and RY	$2.02 (4.39%)	Diversified financial services. More
Toronto-Dominion Bank	TD.TO and TD	$2.37 (3.75%)	Global banking, investment and brokerage services. More
Note: Dividend data from reuters.com as of June 25, 2008. Dividends in U.S. dollar.

For more about dividends and dividend reinvesting, see the buyupside.com miniDividend Book, a quick but comprehensive read.

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Updated June 25, 2008.