Written by Christopher Liew, CFA at The Motley Fool Canada
Dividend Kings are super-rare stocks that have increased dividends for 50 consecutive years. The TSX only has two, Canadian Utilities and Fortis, plus a host of Dividend Aristocrats with dividend-growth streaks of at least five years. However, none of them can qualify for the Hall of Fame if the basis is dividend longevity and fantastic yields.
Dividend pioneer
Bank of Montreal (TSX:BMO) and BCE (TSX:BCE) are worth owning forever because of their more than 100-year dividend track records. The big bank started paying dividends in 1829, while the telco giant initiated its first dividend in 1881. Both are runaway choices for North American income investors.
After acquiring the Bank of the West in the U.S., BMO has overtaken Bank of Nova Scotia as the third-largest Canadian bank by market capitalization. The $66 billion bank completed the conversion,…
