Tuesday, March 4, 2014

Recent Buy; Bank of Nova Scotia BNS.TO

3rd March 2014 I Bought 100 shares of BNS at CAD62.68 per share plus commission.

The Bank of Nova Scotia (the Bank) is a diversified financial institution. As of October 31, 2011, the Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 18.6 million customers in more than 50 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. In January 2012, the Company closed its acquisition of 51% of Banco Colpatria. In April 2012, the Company through Scotia Capital Inc. acquired Howard Weil Incorporated. In April 2013, Bank of Nova Scotia acquired a 50% interest in Administradora de Fondos de Pensiones Horizonte SA.

The Bank of Nova Scotia has increased its dividend now 3 years in a row. After todays dividend increase, it pays quarterly dividends of CAD0.64 per share in January, April, July and October. Click here to see my analysis of BNS.

BNS's earnings per share has moved steadily upwards, except a small dip in 2008 and small dip in 2013.
Some ratings for BNS:
My last purchase 100 shares of BNS.TO  increases €125.00 (CAD190.72) of expected annual dividend net income, which increases my portfolio projected annual dividend net income to €6813.90. With purchase price $62.68 plus commission my starting yield on cost is 4.06%.

You can follow the development of my dividends here.
Click here to see my holdings. 

Full Disclosure: Long BNS.TO


  1. Looks like you timed this well - just the day before the dividend was hiked!

    Good move. While happy with the dividend increase, I am a little bummed that they are discontinuing the 2% discount on DRIP plans :(


    1. Hi R2R
      Thanks for visiting. I was hoping that Mr. Putin would have been decreased the price yesterday a little bit more! The dividend hike was a complete surprise, I wasn't expecting it sooner than after next quarter. That discount would not be nice for you!

  2. The Scotia Bank is the company with the longest dividend history in the world!
    Always a great purchase!

    The German banks have a lot of problems, also GB or US-banks.
    But Scotia Bank have no problems! :-)

    If I have to buy a bank - I think about Scotia-Bank, HSBC, Wells Fargo or Commonwealth Bank of Australia.

    Best regards

  3. Was just curious how you came to choose BNS over the rest of the Canadian Big 5 banks? They all seem pretty similar to me.

    1. Hi SB
      Sorry for the late reply. I chose BNS, because it's the most international of the Canadian banks. I think all the big Canadian banks are worthy of owning, you just have to find the right time to buy them. I do not mean that my purchase of BNS was correctly timed.