Yesterday, February 26 the Board of Directors of Scotiabank announced a quarterly dividend increase of from CA$ 0.85 to CA$ 0.87 per share that’s payable April 26, 2019 to holders of record April 2, 2019. This represents a 6.10% increase year-over-year and 2.35% increase to the last quarter dividend. With current price CA$ 73.17 (today's open), this raise brings their dividend yield to 4.76%.
Since I own 155 shares of BNS, this will increase my
portfolio's projected annual net dividend income by CA$ 9.24.