An intersting article at financialhighway.com asks the question: Are Canadian Bank dividends safe?

With Canadian banks being a significant dividend payer, they still rank pretty high in the investor’s list. But is it stable enough to hold.

This prompted me to do some due diligence and research a little more about possible dividend cuts. The banks are currently paying out between 55% AND somewhat over 65% in dividends; I think we all agree the bank earnings will continue to drop for the next few quarters. This brings up two important questions: how low will they go? And how low can they go before we see potential cuts? The first question is one that nobody can answer with any certainty, so I will focus on the second question.

Link