Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services

The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

TSX:BNS - Post by User

Bank of Nova Scotia > DRIP

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Comment by Toweringmarson Jul 20, 2023 3:17pm

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Post# 35550247

RE:RE:RE:RE:DRIP

If it keeps dripping you should seek medical attention.

rad10 wrote:

TimeBuilder wrote: FYI: Copied from BNS web site

Noted: in the past we DRIPed every Div/Dist possible to take advantage of any discounting.

Quote : Common and preferred shareholders wishing to acquire additional common shares of the Bank may take advantage of a cost-free Shareholder Dividend and Share Purchase Plan.

At this time, the bank has decided to issue additional shares from treasury at a 2% discount from the average market price (as defined in the Plan) and this will continue until further notice, by way of press release.

The Plan provides a convenient method for eligible shareholders either to invest cash dividends in new common shares of the Bank or to receive dividends in the form of additional common shares of the Bank (stock dividends).

As well, eligible shareholders may invest up to $20,000 per fiscal year in the purchase of additional common shares.

Participants pay no brokerage commission or service charges for share acquisitions under the Plan, and all administrative costs of the Plan are paid by the Bank.

I am dripping through Scotia iTRADE. I am intrigued to see if there is a material difference. I'll go speak to someone at the branch.