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 > 7.55% dividend

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Comment by Investing4Lifeon Oct 26, 2023 3:51am

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Post# 35701528

RE:7.55% dividend

It has been decades since one of the big 5 Canadian banks served up a dividend cut.
National Bank cut in 1992. Laurentian Bank more recently.
But the big 5 made it through the mess in the 1980s, the 2008 crisis and the peak of the pandemic without reducing dividends.
BMO's yield was briefly 10% in the credit crisis. I bought some. I wish I had bought more.

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