Investing in dividends can be a rewarding strategy, especially when it involves the big five Canadian banking stocks. These banks are known for their consistent dividend payouts, making them attractive to investors.
Here, we present the dividend dates for Canadian banks for the year 2024.
Before diving into the dates, it’s important to understand the different types of dividend dates:
- Announcement Date: The date on which the company declares dividends.
- Ex-dividend Date: The cutoff date to be eligible for the next dividend.
- Record Date: The date by which you must be on the company’s books to receive a dividend.
- Payment Date: The day when the dividend is actually paid out.
2024 Dividend Payment Dates for Canadian Banks
BMO Financial Group Dividend Dates for 2024
BMO, known for its long history of dividend payments, continues its tradition in 2024. Here are the key dates:
| Common Shares Record Date | Dividend Payment Date |
|---|---|
| January 30, 2024 | February 27, 2024 |
| April 29, 2024 | May 28, 2024 |
| July 30, 2024 | August 27, 2024 |
| October 30, 2024 | November 26, 2024 |
Bank of Montreal Dividend Frequency : Quarterly
Last Dividend Amount: $1.47
Dividend Yield: 4.64%
Dividend Reinvestment Plan : Available
CIBC (Canadian Imperial Bank of Commerce) Dividend Dates for 2024
CIBC hasn’t missed a dividend payment since 1868.
CIBC, with its significant market cap and attractive dividend yield, has set the following dates:
| Common Shares Record Date | Dividend Payment Date |
|---|---|
| March 28, 2024 | April 29, 2024 |
| June 28, 2024 | July 29, 2024 |
| September 27, 2024 | October 28, 2024 |
CIBC Dividend Frequency : Quarterly
Last Dividend Amount: $0.87
Dividend Yield: 5.85%
Dividend Reinvestment Plan : Available
TD Bank (Toronto Dominion Bank) Dividend Dates for 2024
TD Bank offers these dates for its dividend payments:
| Common Shares Record Date | Dividend Payment Date |
|---|---|
| January 10, 2024 | January 31, 2024 |
| April 9, 2024 | April 30, 2024 |
| July 10, 2024 | July 31, 2024 |
| October 10, 2024 | October 31, 2024 |
TD Bank Dividend Frequency : Quarterly
Last Dividend Amount: $0.96
Dividend Yield: 4.96%
Dividend Reinvestment Plan : Available
RBC Dividend Dates for 2024
RBC, another major player, has scheduled its dividends as follows:
| Record Date | Dividend Payment Date |
|---|---|
| January 25, 2024 | February 23, 2024 |
| April 25, 2024 | May 24, 2024 |
| July 25, 2024 | August 23, 2024 |
| October 24, 2024 | November 24, 2024 |
RBC Dividend Frequency : Quarterly
Last Dividend Amount: $1.35
Dividend Yield: 4.03%
Dividend Reinvestment Plan : Available
Scotiabank Dividend Dates for 2024
Scotiabank, with its history of consistent dividends, announces:
| Record Date | Payment Date |
|---|---|
| January 3, 2024 | January 29, 2024 |
| April 2, 2024 | April 26, 2024 |
| July 3, 2024 | July 29, 2024 |
| October 2, 2024 | October 29, 2024 |
Scotiabank Dividend Frequency : Quarterly
Last Dividend Amount: $1.06
Dividend Yield: 6.80%
Dividend Reinvestment Plan : Available
Disclaimer: These dates are based on the typical patterns observed in previous years and are subject to approval by each bank’s Board of Directors. This is not financial advice or a stock recommendation. Investors interested in the stock are recommended to check all official sources or news releases for exact dividend date announcements.
