Tuesday, February 27, 2018

Recent Dividend Increase

        As investors in the stock market, we pay close attention to news releases and earning reports from companies that we have as part of our portfolio. One of the things we look for is a dividend or distribution increase.  Recently, I wrote about 2 dividend/distribution increases, which you can read about here.

      On February 27,  the Bank of Nova Scotia (BNS.TO) released its earnings and announced a dividend increase of $0.03 quarterly.  This increases the yearly dividend from $3.16 to $3.28 per share.  This represents an increase of 3.80%.  Except for Toronto Dominion Bank, the rest of the big 5 Canadian banks have been increase their dividend twice a year.

      I currently own a total of 55.965862 shares within my margin account and directly with the transfer agent. This $0.03 increase in the quarterly dividend increases my annual dividend income from BNS.TO by $6.72.  Every little bit counts.

      The $6.72 increase in my annual dividend income is equivalent to investing $192 of my own money at average yield of 3.5%. 

Disclosure: Long BNS.TO

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.


  1. Loved seeing that increase from BNS. So far through the first 2 months of the year my holdings have granted 15 dividend increases which is absolutely fantastic. Even better is that they've been coming in higher than I expected which bodes well for the rest of the year.

    1. Passive Income Pursuit,

      Thanks for dropping by. Anytime, an investor receives a dividend increase is great news. Congrats on receiving 15 dividend increases so quick in 2018.