Tuesday, August 29, 2017

Dividend Increase – Scotiabank (BNS)

Today the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.76 to CA$ 0.79 per share that’s payable October 27, 2017 to holders of record October 03, 2017. This represents a 3.95 % increase from prior dividend. It should be noted that this is the second dividend increase in the current calendar year as it was also raises by CA$ 0.02 in February 2017. So the increase in this calendar year is CA$ 0.05 or 6.76% from the last dividend paid in October 2016. With current price CA$ 77.20 (yesterday's close), this raise brings their dividend yield to 4.09 %. 

Since I own 155 shares of BNS, this will increase my portfolio's projected annual net dividend income by CA$ 13.86.

That increase rises my YOC to 5.01 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

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