Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Three Elite Canadian Banks For Dividends: Royal Bank Of Canada (Part 1 Of 3)

|Includes: BMO, BNS, CM, Royal Bank of Canada (RY), TD

It is difficult to find safe investments with 3%+ dividend yields and solid growth prospects.

Many equities today are priced on the rich side of valuations resulting in lowered dividend yields. Low interest rates have made bonds a poor value for income seeking investors.

The benefits of investing in high quality stocks with above average yields and good growth prospects - trading at fair or better prices - are well-known to long-term investors.

What if you could quickly identify an entire group of these stocks? This article takes a look at one such group the market is overlooking:

The Canadian banking sector.

There are 3 large Canadian banks that rank as a 'Buy' using "The 8 Rules of Dividend Investing"

This article gives an overview of the favorable investment prospects of the Canadian banking system. It also analyzes 1 of the 3 highly ranked Canadian Banks in detail: Royal Bank of Canada (NYSE:RY).

To read the complete article, click here.

Disclosure: I am/we are long RY, TD.