Investors like consistency when it comes to dividend growth. Currently, no Canadian companies have paid growing dividends for 100 years or more. Canadian Utilities (CU) comes the closest, with 51 consecutive years of dividend increases. Thehistory of dividendsin Canadagoes back to about 1781. One company’s streak is almost 200 straight years, making it the longest dividend-paying stock in Canada. However, a select group of stocks have paid 100+ years of uninterrupted dividends.
Paying a dividend for this length of time demonstrates the resiliency of the business and management’s commitment to delivering a consistent dividend. Canadian stocks trade on the TSX and often on the New York Stocks Exchange (NYSE) as an American Depository Receipt (ADR). There are 6 Canadian companies on the list. A person can invest in these stocks individually or take advantage of severaldividend ETFs in Canadato diversify your portfolio.
Before the companies are listed, if you know of any companies that belong on the list of Canadian stocks with 100+ consistent years of consistent dividends or should be removed from the list, please comment below.
Affiliate
Take theSimply Investing Course to learn more about investing and dividends.
- Lifetime access with 27 self-paced lessons.
- Covers placing stock orders, building and tracking portfolios, when to sell, reducing fees and risk, etc.
- Learn the 12 Rule of Simply Investing
- Simply Investing Coupon Code – DIVPOWER15.
Canadian Stocks with 100+ Consecutive Years of Dividends
Bank of Montreal
The Bank of Montreal (BMO) is the first company on this list. The company traces its history back to 1817. Today, the bank is the fourth largest by revenue in Canada and has some operations in the United States, offering banking, wealth management, and financial services. The Bank of Montreal has roughly 1,300 branches and 4,700 ATMs with ~ CAD 935 billion inassets under management(AUM). It is the longest-paying Canadian dividend stock and has paid a consistent dividend for over 100 consecutive years since 1829. In fact, BMO has paid a dividend for nearly 200 years. The forward dividend is $4.244 per share on the ADR, and the forward dividend yield is ~4.3%. The payout ratio is modest at 36%. The Bank of Montreal is one of theCanadian Dividend Aristocrats.
Related Articles About Bank of Montreal on Dividend Power
- BMO – High Dividend Yield and Safety from Canada’s Oldest Bank
Bank of Nova Scotia
The second bank on this list is the Bank of Nova Scotia (BNS), also known as Scotiabank. The bank was founded in 1832 and started paying a continuous dividend in 1833. Today, the bank is one of the largest in the Americas, with approximately CAD 1.4 trillion in assets. Scotiabank provides banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean, and Central America. It is also on the list of Canadian Dividend Aristocrats. The annual dividend payout is $3.182 per share on the ADR, and theestimated forward dividend yieldis over 6.89%. The payout ratio is reasonable at 46%.
Related Articles About Bank of Nova Scotia on Dividend Power
- Scotiabank (BNS) Is A Terrible Long-Term Investment
Toronto-Dominion Bank
Toronto-Dominion Bank (TD) is the third of four Canadian banks on this list. It traces its founding to 1855 as the Bank of Toronto and 1869 as The Dominion Bank. The two banks merged in 1955. Today, Toronto-Dominion is the largest bank in Canada by assets and one of the top 10 largest banks in North America due to its U.S. operations with total assets of ~CAD 1.5 trillion. The bank states that it has paid a consecutive dividend since 1856. The TTM dividend is $3.046 per share on the ADR, and the yield is 4.4%. The payout ratio is a prudently conservative 38%. Toronto-Dominion is another Canadian Dividend Aristocrat.
Related Articles About Toronto-Dominion Bank on Dividend Power
- TD Bank is A Top 10 North American Bank
Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (CM) is the second bank from Toronto, Canada, on this list. The bank was founded in 1867 as the Canadian Bank of Commerce. In 1961, the bank merged with the Imperial Bank of Canada, founded in 1875. Today, it is one of Canada’s four largest banks and has significant U.S. operations. The bank’s website states that it has not missed a dividend since 1868, making it a member of the 100+ years club. The Canadian Imperial Bank of Commerce is also a Dividend Aristocrat. The forward dividend is $2.725 per share on the ADR, and the forward yield is ~5.9%. The payout ratio is conservative at about 44%.
Related Articles About CIBC on Dividend Power
- CIBC Is An Accident Waiting to Happen
BCE
BCE (BCE) is the leading telecom provider in Canada. The company was founded in 1880. Today, BCE has over 13 million customers providing wireless, cable TV, broadband, and telephone service. The firm also owns TV stations, radio stations, websites, and video streaming services. BCE operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The company started paying a consecutive dividend the year after it was founded in 1881. The annual dividend is $2.886 per share on the ADR, giving a yield of 6.9%. The payout ratio is elevated at about 86%, but that value has fallen from over 100%. BCE is one of the Canadian Dividend Aristocrats.
Related Articles About BCE on Dividend Power
- BCE – Dividend Income Appeal
Imperial Oil
Imperial Oil Limited (IMO) is the only oil and natural gas firm on the list. The company was founded in 1880 as a competitor to John D. Rockefeller’s Standard Oil. However, Imperial Oil was acquired by Standard Oil in 1895. Today, it is a subsidiary of Exxon Mobil (XOM), which owns 69.6% of the company. The company operates in three business segments: Upstream, Downstream, and Chemical, with operations in both oil and natural gas. Imperial Oil started paying a continuous dividend in the 1880s. We cannot determine the exact date the dividend began, but it is clearly over 100 years. The dividend rate is $1.474 per share on the ADR, giving a yield of 2.64%. The payout ratio is highly conservative at about 13%. Imperial Oil is one of the Canadian Dividend Aristocrats.
Related Articles About Imperial Oil on Dividend Power
- Imperial Oil (IMO) Is Gushing Free Cash Flow
Affiliate
Try theto pick the best stocks.
- Analyzes 6,000+ stocks with 120 metrics and financial data.
- Tracking portfolios, watch lists, dividend income, e-mail alerts, undervalued and overvalued stocks, etc.
- List of top ranked stocks based on the 12 Rules of Simply Investing.
- Simply Investing Coupon Code – DIVPOWER15.
Other Dividend Stock Lists
We have also written articles with several other lists and analyses on U.S. dividend growth stocks, including:
- List of Dividend Kings in 2024
- List of Dividend Aristocrats in 2023
- List of Dividend Champions in 2023
- List of Dividend Contenders in 2023
- List of Dividend Challengers in 2023
- Dogs of the Dow in 2024
For Canadian stocks, we have written about
- List of Canadian Dividend Aristocrats in 2023
For UK stocks, we have written about
- UK High Yield Dividend Aristocrats in 2023
Final Thoughts on Canadian Stocks Paying 100+ Years of Dividends
The list of longest dividend-paying Canadian companies that have attained 100+ years of consecutive dividend payments is short and select. Only six Canadian companies have done so. This is about 0.40% out of the over 1,500 companieslistedon Canadian stock exchanges (TSX). This percentage makes the list even more selective than the Canadian Dividend Aristocrats. It is interesting but not surprising that the majority of the companies on this list are also dividend growth stocks in Canadian dollars. This list serves as a starting point for further research.
Related Articles on Dividend Power
- American Stocks Paying 100+ Years of Dividends
- Dividend Growth Investing Strategy: What Is It?
Here are my recommendations:
Affiliates
- or the Course can teach you how to invest in stocks. Try it free for 14 days.
- Sure Dividend Newsletter is an excellent resource for DIY dividend growth investors and retirees. Try it free for 7 days.
- Stock Rover is the leading investment research platform with all the fundamental metrics, screens, and analysis tools you need.Try it free for 14 days.
- Portfolio Insight is the newest and most complete portfolio management tool with built-in stock screeners. Try it free for 14 days.
Receive a free e-book, “Become a Better Investor: 5 Fundamental Metrics to Know!” Join thousands of other readers !
*This post contains affiliate links meaning that I earn a commission for any purchases that you make at the Affiliates website through these links. This will not incur additional costs for you. Please read my disclosure for more information.
Prakash Kolli
Website|+ posts
Prakash Kolli is the founder of the Dividend Power site. He is a self-taught investor, analyst, and writer on dividend growth stocks and financial independence. His writings can be found on Seeking Alpha, InvestorPlace, Business Insider, Nasdaq, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, and leading financial sites. In addition, he is part of the Portfolio Insight and Sure Dividend teams. He was recently in the top 1.0% and 100 (73 out of over 13,450) financial bloggers, as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.
