Thursday, August 20, 2015

Recent Buy - Bank Of Nova Scotia (NYSE:BNS, TSE:BNS)


Today on 20th August I added 35 shares of Bank Of Nova Scotia (BNS) at CA$58.88 per share plus commission (CA$5.00). With current quarterly dividend (CA$0.68), my last purchase 35 shares of BNS increases €48.35 (CA$70.92) of expected annual dividend net income. My overall cost basis of this position decreases from CA$62.98 to CA$61.96 per share. I totally hold now 135 shares of BNS and my yield on cost is 4.39%. BNS were the first Canadian bank, which I took on my portfolio in March last year. You can look this purchase of BNS here.

If you are interested in Scotia Bank, you should take a look at Roadmap2Retire's analysis of it on seeking Alpha.

At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to €9630.00.

Click here to see my portfolio.

Full Disclosure: Long BNS

9 comments:

  1. Roadmap2RetireAugust 20, 2015 at 6:32 PM

    Great purchase, DH. The low $60s were looking good..how can one go wrong with ~$58....I am looking to average down as well.

    Congrats on adding more to your div income
    R2R

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  2. Dividend HustlerAugust 20, 2015 at 7:23 PM

    Awesome purchase Hawk. Love the company. Quality long term hold. Keep it up bud. Can't go wrong with the Canadian banks here. Cheers.

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  3. KurtAugust 20, 2015 at 9:26 PM

    I've owned BNS for many years; been very, very good to me. Hope / expect that to continue.

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  4. BiiniAugust 20, 2015 at 10:02 PM

    Me too! Just bought 43 shares @CA$58.99 (total of 73 shares) and will keep adding if the price slides...

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  5. A Frugal Family's JourneyAugust 21, 2015 at 7:05 AM

    Great buy Hawk. We just picked up our first shares in BNS recently as well! Cheers to growing that passive income stream one stock purchase at a time.

    Best wishes and continued success on your journey! AFFJ

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  6. FrihetsfondenAugust 24, 2015 at 7:27 AM

    That was a low commission. What broker do you use?

    BR,
    Frihetsfonden

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    Replies
    1. DividendHawkAugust 25, 2015 at 5:09 PM

      Hi Frihetsfonden. Nowadays I use LYNX to the North American markets. (https://www.lynxbroker.de/) Everything has worked very well, only in currency exchange I think is expensive.

      DH

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    2. FrihetsfondenAugust 26, 2015 at 9:01 AM

      Ok maybe I should take a look at them, I've been looking for a less expensive broker. I use Nordnet now and expect them to reduce the courtage but it seems to be in vain...

      Delete