Investing in Royal Bank of Canada and Toronto-Dominion Bank for Long-Term Dividend Income

Friday, 15 March 2024, 09:43

Discover why Royal Bank of Canada (NYSE: RY) and Toronto-Dominion Bank (NYSE: TD) are reliable choices for generating passive income over the long term. These Canadian financial giants have a history of consistent dividend payouts, strong financial performance, and solid business foundations. With strong Tier 1 ratios and plans for U.S. expansion, both RY and TD offer investors the opportunity to collect hefty yields for decades to come.
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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.


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