Dividend Raise: Bank of Nova Scotia (BNS)

Bank of Nova Scotia dividend increase

On March 2rd, Bank of Nova Scotia (BNS) raised their quarterly dividend 2.86% from $0.70 to $0.72.
BNS’ Q2 2015 dividend payment was $0.68, so this represents a one  year increase of 5.88%.

Considering the Dividend Beginner portfolio consists of 50 shares of BNS, my annual income from BNS has increased by $4.00, from $140.00 to $144.00 ($11.67 to $12.00 per month). My 12-month forward dividend income has risen from $1,425.90 to $1,429.90, an increase of 0.35%. My average monthly dividend income is now $119.16.

While a $4.00 increase in annual dividend income is laughable, think about how it would require an investment of $100.00, yielding 4.00% to generate $4.00 in dividend income.

Scotiabank Logo


Before raise Net Increase After  raise
Annual Dividend Income $1,425.90 $4.00 $1,429.90
Monthly Dividend Income $118.83 $0.33 $119.16
Percentage Increase 0.35%

2 Replies to “Dividend Raise: Bank of Nova Scotia (BNS)”

Leave a Reply

Your email address will not be published.