Over the last 10 years, the dividend has climbed to $1.76. As for free cash flow, BNS has greater average cash flow over the past 5.01 years than 96.7% US-listed dividend payers. NOTE: The Bank declared its initial dividend at the rate of 3% per annum on July 1, 1833. Toggle navigation Dividend History. Get the latest stock price for Bank of Nova Scotia (The) Non-Cumulative 5-Year Rate Reset Preferred Shares Series 38 (BNS.PR.H), plus the latest news, recent trades, charting, insider activity, and … All rights reserved. Provisions for credit losses ballooned 62% year over year to just over $1 billion, having a marked impact on international banking’s profitability. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Scotiabank competes with other leading Canadian banks like TD Bank, Royal Bank, Bank of Montreal, Canadian Imperial Bank of Commerce, and National Bank. Bank of Nova Scotia is one of North America's premier financial institutions and Canada's most international bank. Prior to the latest earnings, Scotiabank’s dividend of a very juicy 7% was sustainable with a conservative payout ratio of 52%. 5 Stocks Under $49 (FREE REPORT). Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. This raises the question as to whether Scotiabank’s dividend is safe. TFSA Income Investors: 2 Worthy Value Stocks I’d Buy Right Now, This 1 Top Oil Stock Could See Growth in 2021. The Bank of Nova Scotia is a financial services provider providing products and services, including commercial, corporate and investment banking. Prior to the latest earnings, Scotiabank’s dividend of a very juicy 7% was sustainable with a conservative payout ratio of 52%. Net income of $1.3 billion was 41% lower than for the equivalent period in 2019. Warren Buffett: Sell These Canadian Stocks. BNS Dividend History & Description — Bank of Nova Scotia Halifax. That’s a 403% increase, and you can see the annual changes below… The compound annual growth rate is 17.5% over 10 years… but the recent Walt Disney dividend cut put an end to the growth. Bank of Nova Scotia has been paying dividends since 1833, and has increased dividends in 42 of the last 45 years. The third-largest lender Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) recently reported its fiscal second-quarter 2020 results. The Motley Fool recommends BANK OF NOVA SCOTIA. BNS dividend history, yield, payout ratio, and stock fundamentals. Shareholders of record on Tuesday, October 6th will be given a dividend of 0.90 per share by the bank on Wednesday, October 28th. The oil major Shell also trimmed its dividends by 65% last month — its first in the last 75 years. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Is Aphria (TSX:APHA) Stock a Buy After its Potential Merger With Tilray (NASDAQ:TLRY)? Scotiabank’s latest results were better than expected. Scotiabank reported a dismal return on equity of 3.5% for international banking, which was almost a quarter of what it had been a year earlier. The very tasty 7% yield appears safe for the time being. The company is currently worth CA$94.93B, and now yields roughly 4.16%. This is a fairly normal payout ratio among most businesses. Find the latest dividend history for Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) at Nasdaq.com. Scotiabank’s latest results were better than expected. BNS's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! As for free cash flow, BNS has greater average cash flow over the past 5.01 years than 96.7% US-listed dividend payers. BNS Dividend History & Description — Bank of Nova Scotia Halifax. Housebuilder Persimmon has been the biggest name so far, … This raises the question as to whether Scotiabank’s dividend is safe. Canadian bank stocks have been under considerable pressure since the WHO declared a coronavirus pandemic in March 2020. Another factor that impacted international banking’s performance was a weaker net interest margin. Bank of Nova Scotia paid out 63% of its profit as dividends, over the trailing twelve month period. Founded in 1832, Bank of Nova Scotia (BNS) is one of Canada’s dominant banking institutions. That was despite credit quality improving during the quarter, as highlighted by the bank’s gross impaired loans ratio falling 10 basis points to 0.78%. Historical dividend payout and yield for Bank Of Nova Scotia (BNS) since 2002. First quarter 2020 U.S. bank results indicated that there is a rocky road ahead for Canada’s banks. From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. When it is considered that there is worse to come for Scotiabank, including a further decline in earnings, the ratio could easily exceed 100%. Canadian bank stocks have been under considerable pressure since the WHO declared a coronavirus pandemic in March 2020. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Bank of Nova Scotia pays its dividends quarterly. BNS Dividend Date: 1/27/2021: BNS Annual Dividend: C$3.60: BNS Dividend Yield: 5.22%: BNS Payout Ratio: 67.92% (Trailing 12 Months of Earnings) 51.43% (Based on This Year's Estimates) 1.24% (Based on Cash Flow) BNS Most Recent Increase: C$0.03 increase on 8/27/2019 That certainly doesn’t bode well for Scotiabank’s overall performance when Canada’s economic weakness is considered along with the risk of domestic housing crash. The dividend cut is indeed disheartening for investors. A dividend cut and a decline in book value. BNS.CA Dividend History & Description — Bank of Nova Scotia Halifax. appeared first on The Motley Fool Canada. The Bank of Nova Scotia is a financial services provider providing products and services, including commercial, corporate and investment banking. Dividend History and Stock Split Review a history of the Daily Common Share Closing Prices (1983 - present) for Scotiabank's common share traded on the Toronto Stock Exchange. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Don’t miss out! The Bank of Nova Scotia hiked its dividend as it reported its first-quarter profit slipped to $2.25 billion from $2.34 billion a year earlier. Scotiabank, like its U.S. peers, is preparing for a significant downturn in the credit cycle and consequently has taken the opportunity to build massive cash reserves to absorb credit losses. Nonetheless, Scotiabank possesses the financial resources to sustain the dividend in such circumstances for a short period. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Currently, BNS generates more cash flow over the 12 months prior than 98% of US dividend stocks. The divided will likely be fixed moving forward. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Based on last year’s earnings, BNS stock’s payout ratio would be roughly 50%. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Bank of Nova Scotia (NYSE:BNS) declares C$0.85/share quarterly dividend, 3.7% increase from prior dividend of C$0.82. Macerich (MAC) cut its dividend by 70%, marking the mall REIT's second payout reduction in less than six months. Review BNS (XNYS) dividend yield and history, to decide if BNS is the best investment for you. : Cancelled - Dividend declared but subsequently cancelled before dividend payment date. : Suspended - Expected a dividend to be declared but dividend cut to 0p. Q1. Dividend Yield and Dividend History Highlights. Fool contributor Matt Smith has no position in any of the stocks mentioned. Dividends made by BNS Split II from their annual profits to their shareholders are shown here - normally on an interim and annual basis. The worst performing of Scotiabank’s operations was its international business, which had become an important growth driver. Key Data for Bank of Nova Scotia (The) (BNS), including dividends, moving averages, valuation metrics, and more. Scotiabank’s second-quarter earnings plunged sharply. Net income of $1.3 billion was 41% lower than for the equivalent period in 2019. The bank stock’s five-year dividend-growth rate is 6.4%. The Bank of Nova Scotia is a financial services provider providing products and services, including commercial, corporate and investment banking. Dividend Growth Summary. 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