Tuesday, March 1, 2016

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$ 0.70 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 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!

1 comment:

  1. The Canadian banks are killing it this year. Operating in such a hostile economic environment yet continuing to pay and raise their already juicy dividends. Happy to be a shareholder.