Today the Board of Directors of Bank of Nova Scotia announced a quarterly dividend increase of from CA$ 0.70 to CA$ 0.72 per share that’s payable April 27, 2016 to holders of record April 5, 2016. This represents a 5.88 % increase over the first quarter 2015 dividend of CA$ 0.68 per share and a 2.86 % increase over for the third quarter 2015 of CA$ 0.70 per share. With current price CA$ 56.00 (today's open), this raise brings their dividend yield to 5.14 %.
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 4.65 %.
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You can follow the development of my dividends here.
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