Bank of Nova Scotia Dividend
Dividend criteria checks 6/6
Bank of Nova Scotia is a dividend paying company with a current yield of 6.57% that is well covered by earnings. Next payment date is on 29th July, 2024 with an ex-dividend date of 3rd July, 2024.
Key information
6.6%
Dividend yield
70%
Payout ratio
| Industry average yield | 4.8% |
| Next dividend pay date | 29 Jul 24 |
| Ex dividend date | 03 Jul 24 |
| Dividend per share | n/a |
| Earnings per share | CA$5.99 |
| Dividend yield forecast in 3Y | 6.9% |
Recent dividend updates
Recent updates
Bank of Nova Scotia's (TSE:BNS) Dividend Will Be CA$1.06
May 31
Bank of Nova Scotia (TSE:BNS) Is Increasing Its Dividend To CA$1.06
Jun 21With EPS Growth And More, Bank of Nova Scotia (TSE:BNS) Makes An Interesting Case
Jul 07Bank of Nova Scotia (TSE:BNS) Is Increasing Its Dividend To CA$1.03
Jun 02Is Now The Time To Put Bank of Nova Scotia (TSE:BNS) On Your Watchlist?
Apr 05Bank of Nova Scotia (TSE:BNS) Is Due To Pay A Dividend Of CA$0.90
Sep 24Bank of Nova Scotia (TSE:BNS) Is Due To Pay A Dividend Of CA$0.90
Sep 10Bank of Nova Scotia's (TSE:BNS) Dividend Will Be CA$0.90
Aug 27Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BNS's dividends per share have been stable in the past 10 years.
Growing Dividend: BNS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Bank of Nova Scotia Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BNS) | 6.6% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Banks) | 4.8% |
| Analyst forecast in 3 Years (BNS) | 6.9% |
Notable Dividend: BNS's dividend (6.57%) is higher than the bottom 25% of dividend payers in the Canadian market (1.84%).
High Dividend: BNS's dividend (6.57%) is in the top 25% of dividend payers in the Canadian market (6.39%)
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.7%), BNS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BNS's dividends in 3 years are forecast to be covered by earnings (61% payout ratio).