Quote:
Originally Posted by Resolute 14
As one example, CIBC's dividend yield at the nadir of the 2008-09 crisis was pretty much exactly what it is right now. There were no cuts then, and it would take something pretty spectacular for a big 5 bank to reduce its dividend now.
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Though to be fair, some (I think all) of the banks temporarily suspended their dividends in 2008. A very unique situation for them. But 2008 was much, much worse for the financial industry than this is likely to be - even on a worst case scenario.