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Data last updated: Oct 15, 2026
Snapshot (as of Oct 15, 2026): The Bank of Nova Scotia (BNS) pays a $4.44 annual dividend ($1.11 quarterly), yielding 3.54% at $90.87/share. Next ex-dividend date 2026-10-06. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.54%
Annual Dividend: $4.44 per share
Payout Ratio: 58.0%
Ex-Dividend Date: 2026-10-06
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 25
The Bank of Nova Scotia dividend has been a fixture for income-focused investors drawn to one of Canada's largest banks, with operations spanning Canadian retail banking, international markets across Latin America and the Caribbean, and global wealth management. BNS currently pays a 3.58% dividend yield. Shareholders receive $4.48 per share annually, paid quarterly, with the next ex-dividend date on October 6, 2026. A beta of 1.193 means BNS stock moves slightly more than the broader market, which income investors should weigh against the yield.
The Bank of Nova Scotia pays out 59.6% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer from earnings to cover the dividend, supported by a diversified revenue base spanning retail banking, wealth management, and business lending across multiple countries. The Bank of Nova Scotia dividend safety faces its most tangible pressure from a beta above 1.19, which reflects earnings sensitivity to broader economic swings, particularly across its international banking operations in markets like Mexico, Peru, and Colombia.
The Bank of Nova Scotia dividend history shows a CAGR of 4.4% per year from 2005 to 2025. Per-share payments grew from $1.3085 to $3.0753 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 36.9% in 2021, though the data also contains at least one year-over-year decline exceeding 5%, and BNS currently holds zero consecutive years of dividend increases.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +9.5% | $2.34 (2022) | $3.08 (2025) |
| 5-Year | +2.9% | $2.67 (2020) | $3.08 (2025) |
| 10-Year | +1.2% | $2.72 (2015) | $3.08 (2025) |
BNS fits income-focused investors who want exposure to a diversified, multinational bank and can accept moderate yield with uneven growth. The current yield of 3.58% falls in the moderate (2–4%) range, sitting just above the 5-year average of 3.49%, so there is no meaningful yield premium on offer right now. The 59.6% payout ratio keeps the dividend covered without stretching earnings. The trade-off is clear: growth has averaged 4.4% annually over two decades, but the streak of consecutive increases stands at zero, meaning income investors get a reasonable yield from a bank with global reach and accept a dividend that has not grown without interruption.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-06 | $0.8017 |
| 2026-07-07 | $0.8030 |
| 2026-04-07 | $0.7910 |
| 2026-01-06 | $0.7979 |
| 2025-10-07 | $0.7885 |
| 2025-07-02 | $0.8075 |
| 2025-04-01 | $0.7404 |
| 2025-01-07 | $0.7389 |
| 2024-10-02 | $0.7860 |
| 2024-07-03 | $0.7750 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.1936 |
| 2025 | $3.0753 |
| 2024 | $3.1395 |
| 2023 | $3.8829 |
| 2022 | $2.3446 |
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