Banks running out of wiggle room on dividend hikes
— The Globe and Mail
In Canada, dividend increases at big banks have become like presents at Christmas. We expect them every year and if we don’t get them, we’d be pretty upset.
And like Christmas, those bestowing the gifts can feel the pressure in a tight financial year. The banks are heading into one of those now – and the dividend generosity of some of them might become more strained as the year unfolds.