Five Large Canadian Banks Pay Steady 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 on the price downside so use caution.

5 Canadian Dividend-Paying Bank Stocks
Company & Web Site	Quote	Dividend and Yield	Businesses and Products
Bank of Montreal	BMO.TO	$2.80 (6.97%)	Diversified financial services. More
Bank of Nova Scotia	BNS.TO	$1.88 (4.26%)	Diversified financial services. More
Canadian Imperial Bank of Commerce	CM.TO	$3.48 (5.81%)	Diversified financial services. More
Royal Bank of Canada	RY.TO	$2.00 (4.39%)	Diversified financial services. More
Toronto-Dominion Bank	TD.TO	$2.36 (3.85%)	Global banking, investment and brokerage services. More
Note: Dividend data from reuters.com as of March 14, 2008. Prices in Canadian dollar.

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

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Posted March 15, 2008.