Canadian banks anchored income portfolios for 20 years. Most now yield under 3%. Does that mean they're broken? Think about what happens to a thriving company. It grows sales. It grows profit. It raises the dividend every year. Investors notice and they buy it. The stock price goes up and the yield goes down. The yield went down because the business delivered. Canadian banks are the clearest example I know and not broken at all. The businesses grew, the shares rose, and the yield fell. The dividend never did. Full article: https://bit.ly/4e45tS6
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2 Comments
Dividending
@dividending · 11d
CDN banks are foundational in my portfolio.
Kyle Garrett
@kgcottawa · 12d
Two of my favorite core holdings
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