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.

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Bank of Nova Scotia > Battered dividend stocks may be buying opportunity

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Comment by SargeXon Oct 06, 2023 11:56am

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Post# 35673285

RE:Battered dividend stocks may be buying opportunity

Hey Fiddy

I hope all is going well and you're not sweating things too much.

Three main reasons for buying divy stocks over a GIC:
- dividend tax credit in a non-reg account.
- divy stocks go up & down in the short term but generally go up over the long term
- the blue chip divy stocks tend to raise their divy each year

Good enough reasons for me to stick with the divy stocks.

Take her easy
Sarge

FiddyFiddyShot wrote: "I've had many conversations with clients, especially older ones, who are saying, 'Why am I sitting on these dividend-paying stocks making four, 4.5 per cent, watching them go up and down but mostly down, when I can buy a bond or GIC at five per cent and I'm guaranteed?'" Currie said in an interview with Yahoo Finance Canada.

https://ca.finance.yahoo.com/news/battered-dividend-stocks-buying-opportunity-investors-132856620.html