Investing in Royal Bank of Canada and Toronto-Dominion Bank for Long-Term Dividend Income
Canada's banks are highly regulated
The first thing to note about Royal Bank of Canada (RBC) and Toronto-Dominion Bank (TD) is their Canadian origin. Banking regulation in Canada is more strict compared to the U.S., resulting in conservative operations and strong business foundations for the country's largest banks.
Going strong for more than a century
RBC has paid dividends since 1870, and TD since 1857. Their consistent dividend payouts through historical economic challenges demonstrate their reliability as dividend stocks.
Ready for what comes next, even if it's bad
Both banks have high Tier 1 ratios, indicating strong financial health and preparedness to weather financial turmoil, positioning them as the best North American banks in terms of financial stability.
Looking forward to more dividends
RBC and TD plan to expand into the U.S. market while maintaining strong Canadian banking roots, offering dividend investors the opportunity to collect substantial yields above market averages.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.