Friday, August 28, 2015

Dividend Increase – Bank of Nova Scotia (BNS)


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%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

4 comments:

  1. Roadmap2RetireAugust 28, 2015 at 7:17 PM

    Congrats on another raise, DH. Thats a nice chunk of BNS shares you have in your portfolio - hopefully I will get there someday :)

    Best wishes
    R2R

    ReplyDelete
  2. DivindependenciaAugust 29, 2015 at 4:32 PM

    Hi DH!!

    Could you tell me what is the tax rate for canadian dividends?

    Thanks for your help and best regards.
    Divindependencia.

    ReplyDelete
    Replies
    1. DividendHawkAugust 29, 2015 at 4:59 PM

      Hola Divindependencia!

      Finland and Canada has a tax treaty, so the withholding tax is 15% for canadian dividends. In addition to this I have to pay 10.5% for Finnish State, because of my total tax from dividend income is 25.5%.

      Hopefully this was helpfull,
      DH

      Delete
    2. DivindependenciaAugust 29, 2015 at 5:01 PM

      Thanks DH!!

      Delete