Quick news after the markets close; National Bank of Canada, the first bank to declare its financial results for their Q4 and year end announced they hike their dividend to 0.66$ per share per quarter. Therefore, the dividend rise to $2.64 per year and represents a 3.89% yield.
Nationale Bank revenues are up by 19% for Q4 and 21% for compared to year 2009. Gradually other Canadian banks will post their financial results and some others are also expected to raise their dividend. Just remember that I have announced Canadian banks to raise their dividend back in October ;-).