Post by
trader53 on Oct 25, 2023 1:28pm
7.55% dividend
When will the banks start slashing their dividends? Yes i have been told that they won't cut dividends but at 7.55% its getting into REIT territory.
Comment by
FiddyFiddyShot on Oct 25, 2023 1:56pm
You have been told banks won't slash their dividends eh ? Good to hear - Who told you this ??
Comment by
Investing4Life on Oct 26, 2023 3:51am
It has been decades since one of the big 5 Canadian banks served up a dividend cut. National Bank cut in 1992. Laurentian Bank more recently. But the big 5 made it through the mess in the 1980s, the 2008 crisis and the peak of the pandemic without reducing dividends. BMO's yield was briefly 10% in the credit crisis. I bought some. I wish I had bought more.
Comment by
1condor on Oct 26, 2023 11:10am
Banks are solid...there will be no divvy cuts. You are letting your emotions drive your investment decisions....dont do this. Relax and ride this through.
Comment by
1northumberland on Oct 27, 2023 12:00am
I'll buy 10,000 shares right after the new CEO does the same. No insider buying from what I can see.
Comment by
1northumberland on Oct 27, 2023 12:00am
I@ll buy 10,000 shares right after the new CEO does the same. No insider buying from what I can see.
Comment by
Puma1back on Oct 27, 2023 1:23pm
BNS though is being run by a non-bbanker and if 2024 net incomes are similar to 2023, you could be seeing BNS & CM hitting a second consecutive year where payout ratio is 10 to 15% above targeted ratios.