Banks have been rewarding income investors for years. In good times, it is common to get two increases per year from the Canadian Banks. The growth rates vary among the Big 6 Banks with RBC being the best and CIBC being the worst over the past 5 years. The last time there was a dividend cut among this group was when National Bank cut their payout in 1992.
Outside of the Big 6 Banks, Canadian Western Bank has been a prolific dividend grower while Laurentian Bank has been a dog.
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