Dividend Increase – Scotiabank (BNS)

Today the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.79 to CA$ 0.82 per share that’s payable April 26, 2018 to holders of record April 3, 2018. This represents a 7.89 % increase over the second quarter 2017 dividend of CA$ 0.76 per share and a 3.80 % increase over for the fourth quarter 2017 of CA$ 0.79 per share. With current price CA$ 78.79 (yesterday's close), this raise brings their dividend yield to 4.16 %. 

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 5.20 %. 

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long BNS.TO

Thanks for stopping by!

Tweet