Today the Board of Directors of Bank of Nova Scotia announced a quarterly dividend increase of from CA$0.68 to CA$0.70 per share that’s payable October 28, 2015 to holders of record October 6, 2015. This represents a 6.06 % increase over the fourth quarter 2014 dividend of CA$0.66 per share and a 2.94 % increase over for the second quarter 2015 of CA$0.68 per share. With current price CA$59.26 (today's open), this raise brings their dividend yield to 4.72%.
Since I own 135 shares, this will increase my portfolio's projected annual net dividend income by CA$8.05.
That increase rises my YOC to 4.52%.
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You can follow the development of my dividends here.