Today the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.74 to CA$ 0.76 per share that’s payable April 26, 2017 to holders of record April 4, 2017. This represents a 5.56 % increase over the second quarter 2016 dividend of CA$ 0.72 per share and a 2.70 % increase over for the fourth quarter 2016 of CA$ 0.74 per share. With current price CA$ 79.25 (yesterday's close), this raise brings their dividend yield to 3.84 %.
Since I own 155 shares of BNS, this will increase my portfolio's projected annual net dividend income by CA$ 9.24.
That increase rises my YOC to 4.82 %.
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You can follow the development of my dividends here.
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