Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

TSX:BNS - Post by User

Bank of Nova Scotia > No dividend increase

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Comment by SargeXon Dec 01, 2022 4:04pm

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Post# 35144320

RE:RE:RE:RE:No dividend increase

I should also add that the OSFI froze all bank dividend increases for a period of time and that's the main/only reason BNS didn't raise their divy when they were at $0.90.

SargeX wrote: I don't want to go on about this too mcuh by their pattern is generally to raise the divy every 2nd quarter so they are not out of step.

Here's a table from the BNS website by quarter within each year. They missed a few increases when they were stuck at $0.90 but have now resumed their every 2nd quarter pattern.

FY 2018

$0.79

$0.82

$0.82

$0.85

FY 2019

$0.85

$0.87

$0.87

$0.90

FY 2020

$0.90

$0.90

$0.90

$0.90

FY 2021

$0.90

$0.90

$0.90

$0.90

FY 2022

$1.00

$1.00

$1.03

$1.03

dileas48s wrote:
I guess we're splitting hairs a bit, but for clarity BNS last raised the dividend in July of 2022 (3% or $0.03 increase) and prior to that it was January 2021 (11.11% or $0.10). Before that we'd have to go to October 2019 for a dividend raise.

Prior to COVID they consistenly raised every other quarter (2 & 4), so the lack of an announcement to raise the dividend is out of step with historical activity.

SargeX wrote: They just rasied their divy last quarter. What are you expecting, an increase every quarter. No company that I know of does that.

carlocarli wrote: I was counting on a dividend increase. I am disappointed. It will be interesting to see what the other nankc do.
Good luck to all