Dividend Increase – Scotiabank (BNS)

Today the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.82 to CA$ 0.85 per share that’s payable October 29, 2018 to holders of record October 2, 2018. This represents a 3.66 % 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$ 0.03 in February 2018. So the increase in this calendar year is CA$ 0.06 or 7.59% from the last dividend paid in October 2017. With current price CA$ 78.30 (yesterday's close), this raise brings their dividend yield to 4.34 %. 

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 5.39 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long BNS.TO 

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