Tuesday, February 28, 2017

Dividend Increase – Scotiabank (BNS)

Today the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.74 to CA$ 0.76 per share that’s payable April 26, 2017 to holders of record April 4, 2017. This represents a 5.56 % increase over the second quarter 2016 dividend of CA$ 0.72 per share and a 2.70 % increase over for the fourth quarter 2016 of CA$ 0.74 per share. With current price CA$ 79.25 (yesterday's close), this raise brings their dividend yield to 3.84 %. 

Since I own 155 shares of BNS, this will increase my portfolio's projected annual net dividend income by CA$ 9.24.

That increase rises my YOC to 4.82 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!


  1. The Canadian banks keep delivering. Always nice to see!

  2. Nice to see. The share is taking a little hit today but it has had an amazing run lately.

  3. I love the Canadian banks. RY also just decided to increase the payments and I expect TD will follow Wednesday. You've got to love them.

    Nice amount of shared you have. Great job!