If you are trying to find a good dividend stock, there's something to be said for consistency. You will also want to focus on financially strong companies. On both of these fronts, you will be hard-pressed to find better options than Royal Bank of Canada (NYSE: RY) and Toronto-Dominion Bank (NYSE: TD). Here's what you need to know about these Canadian financial giants and why they could provide you with decades of passive income.

The very first thing you need to know about Royal Bank of Canada (RBC) and Toronto-Dominion Bank (TD) is that they both hail from Canada. This is important when you are looking at banks because banking regulation is handled differently in different countries. Canada is far more strict with its banks than the U.S. government is with its financial institutions.

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Source Fool.com