Compare Preferred Shares Of The Canadian Banks
Using these tables you can compare all the preferred shares issued by the Canadian Banks. We have included all of the big five (Royal Bank, CIBC, BNS, BMO, TD) and a couple of the smaller ones (Canadian Western Bank, Laurentian Bank). All types of preferred’s are included (perpetual, fixed, floating) in one table. We present the information in an easy, to view and understand format. As a result you can pick the right share to purchase or sell.
Compare Bank Preferred Shares Process
Each investor has a unique selection process. Consequently the same metric is viewed differently. That is to say, the weight assigned to the metric differs for each investor, thus resulting in a dissimilar selection.
- Some investors, looking for high yield over the next 5 years, will put more emphasis on the “Blended Yield” metric. As a result, the issue with the most dividend over the next 5 years is selected.
- More weight should be given to the “Credit Rating” metric, if you are looking for the highest credit worthy issues. That is to say, sacrificing some yield for security, is a good fit for the long term and “buy and hold” investors.
- Good value is indicated by the metric “Rate Increase Percent”. This also highlights the stocks with the most room for capital gains, if rates start going up. A value investor may find this appealing.
Conclusion
We expect each investor, to review the various metrics, and make a determination on the totality of their values. While at the same time expressing their personal investing style. In other words we present you with the information and you make a choice you are comfortable with.
Two tables are provided here. Review both, since the information provided contributes to the selection process.
If you need more information on how to use the metrics below, see our how to YouTube video or our post how to pick the best preferred share of a company.
Table To Compare Preferred Shares Of The Canadian Banks
The following metrics are now only available on the premium version of this tool:
- Reset Date.
- Reset (Yield | Dividend).
- Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
- Rate Change Percent.
- Rate Change To Value.
- New Spread Change.
- New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
- Short Position.
- Additional Features.
- Years To Double Initial Investment.
- Outstanding float. This is the outstanding float for this preferred.
- Market Cap In Bilions.
- Common Stock P/E Ratio.
- Common Stock P/B Ratio.
- Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
Here is a Limited Version of the Premium - Compare Tool.
A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version
Credit Rating | Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset | Blended (Yield Dividend)follow link passed the end of the table to see definition | Yield To Call | Reset Date Y/M/D | Pay Div Date | Ex Div Date | Rate Change percent | Rate Change to value | New Spread value | Short Position | Additional Features | Converts To | Years To Double Initial Investment | P/E Ratio | Market Cap In Billions | P/B Ratio | Common Stock Yield | Projected Common Stock Yield | Outstanding Float | Name |
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Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates
- Scenario 1: 5YR GOC Rate is set at 1.50%
- Scenario 2: 5YR GOC Rate is set at 2.00%
- Scenario 3: 5YR GOC Rate is set at 2.50%
- Scenario 4: 5YR GOC Rate is set at 3.0%
- Scenario 5: 5YR GOC Rate is set at 3.50%
- Scenario 6: 5YR GOC Rate is set at 4.00%
Note: Only the first 3 "What if scenarios" of the total 6 are available on the Free Site. All 6 scenarios can be viewed in the premium site
For more information please review our video and/or post. Links available at the bottom of the page
Rank Preferreds - Compare Reset Scenarios
Credit Rating | Symbol | Reset Date Y/M/D | Current (Yield Dividend) | 5Yr @ 1.50%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.50%. | 5Yr @ 1.50%. Blended (Yield Dividend) | 5Yr @ 1.50%. Rate Change (percent | to value ) | 5Yr @ 2.00%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.00%. | 5Yr @ 2.00%. Blended (Yield Dividend) | 5Yr @ 2.00%. Rate Change (percent | to value ) | 5Yr @ 2.50%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.50%. | 5Yr @ 2.50%. Blended (Yield Dividend) | 5Yr @ 2.50%. Rate Change (percent | to value ) |
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Pfd3 | FN-A FN.PR.A CA33564P2026 | 2026MAR31 | 05.52% $0.723750 | 6.81% $0.89 | 06.42% $0.84 | 090% 6.81% | 7.77% $1.02 | 07.10% $0.93 | 090% 7.77% | 8.72% $1.14 | 07.74% $1.01 | 090% 8.72% |
NR | VBNK-A VBNK.PR.A | 2024NOV01 | 06.76% $0.6760 | 6.94% $0.69 | 06.92% $0.69 | 000% 6.94% | 7.44% $0.74 | 07.40% $0.73 | 000% 7.44% | 7.94% $0.79 | 07.87% $0.78 | 000% 7.94% |
Pfd3 | LB-H LB.PR.H CA51925D8254 | 2029JUN15 | 07.55% $1.5490 | 4.93% $1.01 | 07.41% $1.52 | 021% 4.93% | 5.54% $1.14 | 07.44% $1.52 | 021% 5.54% | 6.15% $1.26 | 07.47% $1.53 | 021% 6.15% |
Pfd3 | CWB-D CWB.PR.D CA1367658806 | 2029APR30 | 07.01% $1.9128 | 5.08% $1.39 | 06.82% $1.86 | -8% 5.08% | 5.54% $1.51 | 06.86% $1.87 | -8% 5.54% | 5.99% $1.64 | 06.91% $1.88 | -8% 5.99% |
Pfd2 | NA-G NA.PR.G CA63306A2056 | 2028NOV15 | 06.80% $1.7640 | 4.11% $1.07 | 06.39% $1.65 | -3% 4.11% | 4.60% $1.19 | 06.46% $1.67 | -3% 4.60% | 5.08% $1.32 | 06.54% $1.69 | -3% 5.08% |
Pfd2 | NA-C NA.PR.C CA6330672289 | 2027NOV15 | 06.74% $1.7568 | 4.73% $1.23 | 06.03% $1.57 | -4% 4.73% | 5.21% $1.36 | 06.21% $1.61 | -4% 5.21% | 5.69% $1.48 | 06.37% $1.65 | -4% 5.69% |
Pfd2H | BMO-E BMO.PR.E CA06368B2075 | 2028NOV25 | 06.50% $1.7040 | 3.99% $1.05 | 06.12% $1.60 | -4% 3.99% | 4.47% $1.17 | 06.19% $1.62 | -4% 4.47% | 4.94% $1.30 | 06.27% $1.64 | -4% 4.94% |
Pfd3 | CWB-B CWB.PR.B CA1367655000 | 2029APR30 | 06.34% $1.5928 | 4.24% $1.07 | 06.13% $1.54 | -0% 4.24% | 4.74% $1.19 | 06.17% $1.55 | -0% 4.74% | 5.23% $1.32 | 06.22% $1.56 | -0% 5.23% |
Pfd2 | NA-S NA.PR.S CA6330673196 | 2029MAY15 | 06.24% $1.5478 | 3.93% $0.97 | 06.12% $1.51 | 000% 3.93% | 4.43% $1.10 | 06.14% $1.52 | 000% 4.43% | 4.94% $1.23 | 06.17% $1.53 | 000% 4.94% |
Pfd2H | TD.PF.I TD.PF.I CA8911606405 | 2027OCT31 | 06.08% $1.5753 | 4.36% $1.13 | 05.39% $1.39 | -3% 4.36% | 4.84% $1.25 | 05.58% $1.44 | -3% 4.84% | 5.32% $1.38 | 05.78% $1.49 | -3% 5.32% |
Pfd2 | NA-E NA.PR.E CA6330671943 | 2028MAY15 | 05.91% $1.4545 | 4.15% $1.02 | 05.47% $1.34 | 001% 4.15% | 4.65% $1.15 | 05.60% $1.37 | 001% 4.65% | 5.16% $1.27 | 05.72% $1.40 | 001% 5.16% |
Pfd2 | CM-S CM.PR.S CA1360708772 | 2028JAN31 | 05.88% $1.4695 | 3.95% $0.98 | 05.20% $1.30 | 000% 3.95% | 4.45% $1.11 | 05.37% $1.34 | 000% 4.45% | 4.95% $1.24 | 05.56% $1.38 | 000% 4.95% |
Pfd2H | TD.PF.J TD.PF.J CA8911606249 | 2028APR30 | 05.74% $1.4368 | 4.20% $1.05 | 05.27% $1.32 | 000% 4.20% | 4.70% $1.18 | 05.43% $1.35 | 000% 4.70% | 5.20% $1.30 | 05.57% $1.39 | 000% 5.20% |
Pfd1L | RY-S RY.PR.S CA78013R3909 | 2029FEB24 | 05.77% $1.4713 | 3.81% $0.97 | 05.57% $1.42 | -1% 3.81% | 4.30% $1.10 | 05.62% $1.43 | -1% 4.30% | 4.79% $1.22 | 05.67% $1.44 | -1% 4.79% |
Pfd2H | TD.PF.D TD.PF.D CA8911456330 | 2025JUL31 | 03.32% $0.8003 | 4.45% $1.07 | 04.26% $1.02 | 003% 4.45% | 4.96% $1.20 | 04.72% $1.14 | 003% 4.96% | 5.48% $1.32 | 05.14% $1.24 | 003% 5.48% |
Pfd2H | TD.PF.E TD.PF.E CA8911456173 | 2025OCT31 | 03.38% $0.8105 | 4.56% $1.09 | 04.31% $1.03 | 004% 4.56% | 5.08% $1.22 | 04.75% $1.13 | 004% 5.08% | 5.61% $1.34 | 05.15% $1.23 | 004% 5.61% |
Pfd2H | TD.PF.C TD.PF.C CA8911456587 | 2025JAN31 | 04.16% $0.9692 | 4.02% $0.93 | 04.03% $0.93 | 007% 4.02% | 4.56% $1.06 | 04.52% $1.05 | 007% 4.56% | 5.10% $1.19 | 05.05% $1.17 | 007% 5.10% |
Pfd2 | CM-Q CM.PR.Q CA1360693909 | 2025JUL31 | 03.21% $0.7858 | 4.38% $1.07 | 04.19% $1.02 | 002% 4.38% | 4.89% $1.20 | 04.64% $1.13 | 002% 4.89% | 5.40% $1.32 | 05.06% $1.23 | 002% 5.40% |
Pfd1L | RY-J RY.PR.J CA78012Q1129 | 2025MAY24 | 03.28% $0.8000 | 4.35% $1.06 | 04.19% $1.02 | 002% 4.35% | 4.86% $1.19 | 04.64% $1.13 | 002% 4.86% | 5.38% $1.31 | 05.06% $1.23 | 002% 5.38% |
Pfd2H | TD.PF.A TD.PF.A CA8911456900 | 2029OCT31 | 05.41% $1.2425 | 4.07% $0.93 | 05.41% $1.24 | 008% 4.07% | 4.62% $1.06 | 05.41% $1.24 | 008% 4.62% | 5.16% $1.19 | 05.41% $1.24 | 008% 5.16% |
Pfd2 | NA-W NA.PR.W CA6330672859 | 2025FEB15 | 04.03% $0.9596 | 3.94% $0.93 | 03.95% $0.94 | 005% 3.94% | 4.46% $1.06 | 04.41% $1.04 | 004% 4.46% | 4.99% $1.19 | 04.90% $1.16 | 005% 4.99% |
Pfd2H | BMO-Y BMO.PR.Y CA06367X2005 | 2025AUG25 | 03.14% $0.7635 | 4.33% $1.05 | 04.08% $0.99 | 002% 4.33% | 4.84% $1.18 | 04.51% $1.09 | 002% 4.84% | 5.36% $1.30 | 04.90% $1.19 | 002% 5.36% |
Pfd2 | CM-P CM.PR.P CA1360694246 | 2025JAN31 | 03.95% $0.9772 | 3.79% $0.93 | 03.79% $0.93 | 001% 3.79% | 4.29% $1.06 | 04.27% $1.05 | 001% 4.29% | 4.80% $1.19 | 04.77% $1.17 | 001% 4.80% |
Pfd2H | BMO-W BMO.PR.W CA0636798807 | 2024NOV25 | 03.86% $0.9628 | 3.73% $0.93 | 03.73% $0.93 | 000% 3.73% | 4.23% $1.06 | 04.22% $1.05 | 000% 4.23% | 4.73% $1.18 | 04.68% $1.16 | 000% 4.73% |
Pfd1L | RY-M RY.PR.M CA78012T4708 | 2025NOV24 | 03.12% $0.7500 | 4.28% $1.03 | 03.99% $0.96 | 003% 4.28% | 4.80% $1.16 | 04.39% $1.05 | 003% 4.80% | 5.32% $1.28 | 04.76% $1.14 | 003% 5.32% |