Bank of Nova Scotia Dividend yield

Bank of Nova Scotia is part of Banks business, which is part of Financials industry. Bank of Nova Scotia is a company from Canada, and his stocks are publicly traded.

Bank of Nova Scotia stock dividend

Bank of Nova Scotia paid a total dividend of 5,054 million CAD last year, for a market value of 76,431 millions (Market Cap 76,399 millions). Bank of Nova Scotia dividend per share is 4.24 CAD, and his stock market price 64.12 CAD.

According to the chart below, where dividend yield is displayed, Bank of Nova Scotia has a dividend yield of 6.61%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Bank of Nova Scotia stocks dividend with other Banks companies or other of the highest Canada dividend stocks list.

Bank of Nova Scotia Dividend Payout

About the ability of Bank of Nova Scotia to maintain his current dividend of CAD 4.24 per share, an amount that accounts for 6.61%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Bank of Nova Scotia payout on ernings is currently 48.29%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Bank of Nova Scotia can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Bank of Nova Scotia is CAD 42.75 per share, which is higher than the dividend per share paid by the company of CAD 4.24, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Bank of Nova Scotia, compared againt world market average, Canada companies, Financials industry and Banks sector companies.

Bank of Nova Scotia Dividend History

Below you will find a table with the historical evolution of Bank of Nova Scotia's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	6.61%	4.24	48.29%	1,192
2022	6.21%	4.12	46.55%	1,191
2021	4.47%	4.00	47.79%	1,212
2020	5.23%	3.60	59.60%	1,213
2019	4.91%	3.60	49.05%	1,219
2018	5.00%	3.40	47.49%	1,233
2017	3.90%	3.16	46.00%	1,208
2016	3.99%	2.96	48.68%	1,210
2015	4.60%	2.80	47.38%	1,210

*In millions

Then you can see the evolution of Bank of Nova Scotia dividend stock, and compare it with the average of Canada stocks and that of the Banks stocks.

Bank of Nova Scotia Stock performance

Finally, last moth Bank of Nova Scotia showed a return of -3.40% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -11.70% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Banks firms.