Five Canadian Banks trade in the USA as interlisted stocks. These banks have also been impacted by the credit crunch in the past few months.
The following are the dividend yields for the five banks:
1.Company Name: The Bank of Nova Scotia
Ticker: BNS
Dividend Yield : 6.42%
2.Company Name: RBC Financial Group
Ticker: RY
Dividend Yield : 5.54%
3.Company Name: Toronto-Dominion Bank
Ticker: TD
Dividend Yield : 5.60%
4.Company Name: Bank of Montreal
Ticker: BMO
Dividend Yield : 8.28%
5.Company Name: Canadian Imperial Bank of Commerce
Ticker: CM
Dividend Yield : 8.13%
Until so far Canadian banks seem to have weathered the storm pretty well when compared to American or European banks. However some of them have heavy exposure to the US markets. As the market continues to be volatile it is worth keep an eye on these stocks.
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