Canadian Banks could raise their dividends by as much as 25 percent, according to Hamilton Capital Partners, if regulators were to raise the current limits. A similar regulatory change in the U.S. saw bank stock prices rise significantly earlier this year.
- Since March 2020, Canada's Office of the Superintendent of Financial Institutions has banned all share buyback and dividend increases.
- Canadian banks are estimated to have $21.4B in surpluses that should be returned to shareholders.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services