Canadian banks are again gaining favor with investors

Sergey Golubev 2020.05.25 17:32

Canadian banks are again gaining favor with investors

Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them. Banks are currently offering dividend yields of 5.7% versus U.S. banks’ 4.2% and European lenders’ 1.7%, according to Datastream. Dividends are seen as evidence of good financial health and encourage loyalty from investors, particularly in the current low-yield environment.

“Globally, there continues to be a pursuit for yield … and there are simply not many places where you can get yield anymore,” said Kash Pashootan, Chief Executive Officer of First Avenue Investment Counsel.

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Canada's banks to cement status as solid investments in a crisis

Noor Zainab Hussain
www.reuters.com

(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them. Canadian banks are currently offering dividend yields of 5.7% versus U.S. banks’ 4.2% and European lenders’ 1.7...

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