I doubt you pay much attention to Canadian banks, but these firms cap my list of top dividend stocks. These quiet lenders sailed through the financial crisis. While U.S. banks dropped like flies, these guys kept paying out dividends to shareholders. In fact, these “Forever Assets” have paid out dividends for over a century. The oldest one on this list hasn’t skipped a dividend since 1829. You could own these companies today and hold them for the rest of your life.
Longtime investors have made a fortune. These wonderful, entrenched businesses crank out oversized profits year after year and many of them have paid out distributions for decades. They top my list of the ultimate Forever Assets for a handful of reasons: Bank of Montreal (NYSE:BMO) 3.5%, Bank of Nova Scotia (NYSE:BNS) 3.9%, Toronto-Dominion Bank (NYSE:TD) 3.5%, Canadian Imperial Bank of Commerce (NYSE:CM) 4.5% and Royal Bank of Canada (NYSE:RY) 3.6%.
Source: Income Investor
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