Tuesday, November 30, 2021

Dividend Increase #81 of 2021 - Scotiabank (BNS)



Today, November 30th the Board of Directors of Scotiabank (BNS) announced a quarterly dividend increase of from CA$ 0.90 to CA$ 1.00 per share that’s payable January 27, 2022 to holders of record January 4, 2022. This represents an 11.1% increase over the last quarterly dividend.


With current price CA$ 81.25 (today's open), this raise brings their dividend yield to 4.92%.


Scotiabank is still a member of Canadian Dividend All Star List with a 10 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 3.2, 5.7, 5.8 and 6.3 (Canadian Dividend All-Star List)



Since I own 165 shares of BNS, this will increase my portfolio's projected annual net dividend income by $ 38.51.


The increase was expected the last time BNS increased the dividend was two years ago due to the pandemic. The size of the increase was a pleasant surprise, I was expecting an increase of around 8%.


This is the 12th dividend increase I received from Scotiabank since initiating a position March 2014. During this period, the quarterly dividend has risen according to my expectations from $0.64 to $1.00, or 56.25%


This increase raises my YOC to 6.65%.



Summary of 2021 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long BNS


Thanks for stopping by!



  1. Thank you for posting dividend raises. Means that I dont have to keep track of them personally ;)

    Best regards/Northernlightsinvestment

  2. Loved seeing that 11% increase from BNS. Dividend increases are always very much welcomed.