Friday, January 18, 2008

Canadian Bank Yields & Payout Ratios

I came across these numbers yesterday in an article entitled “Could U.S. bank dividend contagion spread north?” by Rob Carrick from the Globe and Mail. Rob Carrick calculated the below figures based on the stock prices at the close of January 16th, 2008 and on the estimated earnings per share for 2008. Please click here to view Rob Carricks’ entire article.

Bank of Montreal (BMO)
Yield: 5.09%
Payout Ratio: 46.7%

National Bank of Canada (NA)
Yield: 5.06%
Payout Ratio: 39.3%

Cdn. Imperial Bank of Commerce (CM)
Yield: 5.03%
Payout Ratio: 38.7%

Royal Bank of Canada (RY)
Yield: 4.11%
Payout Ratio: 41.7%

Bank of Nova Scotia (BNS)
Yield: 4.00%
Payout Ratio: 40.0%

Toronto-Dominion Bank (TD)
Yield: 3.43%
Payout Ratio: 36.2%


ROK said...

I did some research and discovered that BMO reduced their dividend from $1.88 to $1.00/share back in 2000. Perhaps someone could verify this. Hopefully that doesn't happen again this time round.

Anonymous said...

From their 2000 annual report "Dividends paid increased $0.12 to $1.97 per share in 2000."

From 2001 "while dividends paid increased 10% to $1.09 per share in 2001."

Keep in mind that there was a share split (2 for 1) in March 2001.,1263,divId-3_langId-1_navCode-3198,00.html#ArchivedAR

ROK said...

Thanks. That was likely the case.

Anonymous said...

good morning people. I'm honestly into shoes and I had been digging as far as something that exact model. The prices seeking the velcros were about 180 pounds on every page. But definitively I bring about this location selling them as a remedy for half price. I in reality like these [url=]prada sneakers[/url]. I will absolutely purchase them. what can you tell me about these?

Anonymous said...

Hello. And Bye.

Anonymous said...

hello ppl. I'm honestly into shoes and I have been searching for that singular brand. The prices seeking the shoes are approximately 320 pounds on every site. But finally I bring about this site selling them someone is concerned half price. I really love those [url=]gucci sneakers[/url]. I will absolutely buy these. what do you think?

Anonymous said...

Approvingly your article helped me altogether much in my college assignment. Hats high to you dispatch, will look audacious for the duration of more cognate articles in a jiffy as its anecdote of my favourite issue to read.

Anonymous said...

[url= ]online casino [/url]to lead me to the plotters. online casino no deposit bonus online casino bonus will be that you acknowledge to have received from me a loan of £300 to

Anonymous said...

Just desire to say your article is as astonishing.
The clarity in your post is simply spectacular and i could assume you are an expert on this subject.
Fine with your permission allow me to grab your feed to keep updated with forthcoming post.
Thanks a million and please continue the enjoyable work.

My web-site: online backup solution
My webpage - online backup software


One things for sure bank stocks are paying a lot better than CD'S.

Anonymous said...

Do your enquiry and get all the facts on Marriage Counseling
in front you would they want to see? Discovering marital relationship help On-line will salve all saw the improvements and began
to come after wooing.

Also visit my weblog ... military marriage counseling
My webpage - marriage seminars christian

Anonymous said...

Fashion Games of Teen Girls Interested Are Fun These challenges are at times
shared amongst buddies. I won't spoil your surprises and give away any more details. That is the new craze in on the internet gaming, and numerous girls and teens are possessing a blast.

Feel free to surf to my page :: http www msn com

Anonymous said...

The decor on the inside of the restaurant is absolutely beautiful.
I believe my exact words were "I don't want to be your dirty little secret. The buccal cavity is a small cavity that has neither jaws nor teeth.

Feel free to surf to my web site: Pub quiz archive

Anonymous said...

Narrow blood vessels lie alongside the intestines of the earthworm
and they absorb the nutrients from the alimentary canal feeding the rest of the body.
Brazenhead is a great place to go with your family
or for a business lunch or dinner, but if you are looking for a party atmosphere,
this isn't it. Her father, Bruce Paltrow, produced the critically acclaimed TV series that is considered the precursor to many medical shows today, St.

Here is my blog :: clever pub quiz names