Yields and P/E Ratios for all of the Big Canadian Banks, as of August 19th, 2008.
But first, some recent news articles about Canadian Bank Stocks and their Yields:
- Canadian Bank Fire Sale - Forbes
- Don’t count out battered bank stocks - Globe Investor
- Enhance your dividend yield - Canada.com
<!-- @page { size: 8.5in 11in; margin: 0.79in } TD P { margin-bottom: 0in } P { margin-bottom: 0.08in } -->
|
Bank |
Yield |
P/E |
|
Royal Bank |
4.30% |
12.00 |
|
TD Canada Trust |
3.80% |
10.70 |
|
Bank of Montreal |
6.10% |
11.40 |
|
CIBC |
5.80% |
No value, lost $ last qtr? |
|
Scotia Bank |
4.00% |
12.50 |
|
Laurentian Bank |
3.10% |
11.20 |
|
National Bank ofCanada |
5.10% |
16.30 |
<!-- @page { size: 8.5in 11in; margin: 0.79in } P { margin-bottom: 0.08in } -->
All data is from August 19th Close, TSX, and from GlobeInvestor
These numbers are probably at the higher end of their usual ranges in terms of yields, since the stocks have been raising their dividends pretty consistently over the past decade, but took a beating in stock value over the past day and year.
A time to buy? Only time will truly tell (as with any security purchase).
Post new comment