As the day concludes, Bank of Nova Scotia BNS is preparing to distribute a dividend payout of $1.06 per share, resulting in an annualized dividend yield of 7.15%. This payout is exclusive to investors who held the stock before the ex-dividend date on January 02, 2024.
Bank of Nova Scotia Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-02 | 4 | $1.06 | 7.15% | 2023-11-28 | 2024-01-03 | 2024-01-29 |
| 2023-10-02 | 4 | $1.06 | 6.75% | 2023-08-29 | 2023-10-03 | 2023-10-27 |
| 2023-07-03 | 4 | $1.06 | 6.37% | 2023-05-24 | 2023-07-05 | 2023-07-27 |
| 2023-04-03 | 4 | $1.03 | 5.76% | 2023-02-28 | 2023-04-04 | 2023-04-26 |
| 2023-01-03 | 4 | $1.03 | 5.77% | 2022-11-29 | 2023-01-04 | 2023-01-27 |
| 2022-10-03 | 4 | $1.03 | 5.1% | 2022-08-23 | 2022-10-04 | 2022-10-27 |
| 2022-07-04 | 4 | $1.03 | 5.06% | 2022-05-25 | 2022-07-05 | 2022-07-27 |
| 2022-04-04 | 4 | $1.0 | 4.35% | 2022-03-01 | 2022-04-05 | 2022-04-27 |
| 2022-01-03 | 4 | $1.0 | 4.91% | 2021-11-30 | 2022-01-04 | 2022-01-27 |
| 2021-10-04 | 4 | $0.9 | 4.49% | 2021-08-24 | 2021-10-05 | 2021-10-27 |
| 2021-07-05 | 4 | $0.9 | 4.43% | 2021-06-01 | 2021-07-06 | 2021-07-28 |
| 2021-04-05 | 4 | $0.9 | 4.99% | 2021-02-23 | 2021-04-06 | 2021-04-28 |
Analyzing Bank of Nova Scotia Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $3.60 to $4.21, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Bank of Nova Scotia
The earnings chart above shows that from 2020 to 2023, Bank of Nova Scotia has experienced an increase in their earnings from $4.04 per share to $4.83 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article provides an in-depth analysis of Bank of Nova Scotia's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $1.06 per share, resulting in an annualized dividend yield of 7.15%.
Given that Bank of Nova Scotia has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[See current stock movements Bank of Nova Scotia on Benzinga.](https://www.benzinga.com/quote/Bank of Nova Scotia (NYSE: BNS))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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