Tuesday, August 30, 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$ 0.72 to CA$ 0.74 per share that’s payable October 27, 2016 to holders of record October 4, 2016. This represents a 5.71 % increase over the fourth quarter 2015 dividend of CA$ 0.70 per share and a 2.78 % increase over for the second quarter 2016 of CA$ 0.72 per share. With current price CA$ 68.86 (yesterday's close), this raise brings their dividend yield to 4.30%. 

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 4.78%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!


  1. Always nice to hear of a Canadian bank divy raise despite all the headwinds they have been facing for well over two years. Thanks for sharing.

  2. Nice news. If I recall correctly it wasn't too long ago they hiked before this. This holding has worked out well for us so far DivHut and Dividend Hawk. I hope it will continue to remain a stable investment.

  3. Been on my watchlist have not pulled the trigger yet

  4. Great news for you -- congratulations!

    I love dividend growth stocks...