Bank of Nova Scotia T.BNS

Drip changes

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Noticed a change to the drip in the last declaration.

Looks like drip shares for October will be coming with the 2% SP savings - after that, market value until such time as the bank declares differently.

While this is not directly beneficial for me (missing my 2%), it is likely the responsible path forward for the next bit.

Thoughts??

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Financially prudent for the company but obviously going to be unpopular among those receiving the drip or those looking for compound gains through a corporate administered drip.  I still hold that if you have the time you can do better than a discounted company drip, even with applied commisions, buying your shares with your divi yourself depending on the amount of divi you are collecting