Bank of Nova Scotia (BNS) just declared CAD 0.79 quarterly dividend. This is an increase of 3.9% from CAD 0.76.
I own 37 shares, so this will increase my annual dividend income by CAD 4.44 to $4,103.62
BNS has been a great holding of mine. They increase the divided two time this year. The first increase was 2.7% and this one was 3.9%. So for the year, BNS has increased its dividend by a combined 6.33%. This is just fanatics.
I find the stock price to be fair to slightly overvalued right now. I plan to continue to hold this stock. I would only purchase more shares if there is a significant decline in share price.
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