Recently, the price earnings ratio of Loblaw Companies Limited was 17 9 times, and the price earnings ratio of Bank of Montreal was 10 9 times The dividend yield of each company was 2 1 and 4 5 , respectively Which company 's shares would you purchase for growth For income Explain ...

For growth I would purchase the shares of Loblaws as the pr ...

Recently, the price-earnings ratio of Loblaw Companies Limited was 17.9 times, and the price-earnings ratio of Bank

Question:

Recently, the price-earnings ratio of Loblaw Companies Limited was 17.9 times, and the price-earnings ratio of Bank of Montreal was 10.9 times. The yield of each company was 2.1% and 4.5%, respectively. Which company's shares would you purchase for growth? For income? Explain.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...