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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): The Bank of Nova Scotia (BNS) pays a $4.44 annual dividend ($1.11 quarterly), yielding 3.54% at $89.43/share. Next ex-dividend date 2026-07-07. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.54%
Annual Dividend: $4.44 per share
Payout Ratio: 62.3%
Ex-Dividend Date: 2026-07-07
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 25
The Bank of Nova Scotia dividend comes from one of Canada's oldest banks, founded in 1832 and operating across Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. BNS currently pays a 3.58% dividend yield. Shareholders receive $4.44 per share annually in quarterly payments, with the next ex-dividend date on July 7, 2026. With a beta of 1.21, BNS carries slightly more price volatility than the broader market, making it a fit for income-focused investors who can tolerate moderate swings.
The Bank of Nova Scotia pays out 62.3% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by a diversified revenue base spanning retail banking products like mortgages, credit cards, and deposits across Canada and multiple international markets including Mexico, Peru, Chile, and Colombia. The Bank of Nova Scotia dividend safety faces its clearest pressure from that same international footprint: exposure across multiple emerging-market economies introduces currency and credit risk that domestic-only banks do not carry.
The Bank of Nova Scotia dividend history shows a CAGR of 2.3% per year from 2004 to 2025. Per-share payments grew from $1.92 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 37.0% in 2021, though the history 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% | $2.35 (2022) | $3.08 (2025) |
| 5-Year | +2.9% | $2.67 (2020) | $3.08 (2025) |
| 10-Year | +0.9% | $2.82 (2015) | $3.08 (2025) |
BNS fits income-focused investors who want exposure to a large, internationally diversified bank and can accept slow dividend growth in exchange for a moderate current yield. The yield of moderate (2–4%) sits just above the stock's own 5-year average of 3.49%, so buyers today are getting a slightly better entry yield than the recent norm. The trade-off is clear: growth has averaged just 2.3% per year since 2004, and the streak of consecutive increases stands at zero. What BNS offers is a meaningful quarterly income stream from a bank with 25 years of dividend history. What it does not offer is meaningful dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-04-01 | $0.7830 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.3919 |
| 2025 | $3.0753 |
| 2024 | $3.1395 |
| 2023 | $3.1043 |
| 2022 | $2.3450 |
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