Bank of Nova Scotia Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   CAD per share 
 Price  68.05
 Dividend  3.40
 Earnings  7.16
 Cash-flow  9.72
 Book value  48.61
 Equity  47.11

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 paid a total dividend of 4,192 million CAD last year, for a market value of 83,906 millions (Market Cap 83,833 millions). Dividend per share of Bank of Nova Scotia is 3.40 CAD, and his stock market price 68.05 CAD.

According to the chart below, where dividend yield is displayed, Bank of Nova Scotia has a dividend yield of 5.00%, 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 dividend yield with other Banks companies or firms from Canada.

Dividend yield of Bank of Nova Scotia

Bank of Nova Scotia Dividend Payout

About the ability of Bank of Nova Scotia to maintain his current dividend of CAD 3.40 per share, an amount that accounts for 5.00%, 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 47.49%, which is higher than the market average, and companies of Financials industry, which are 40.41% and 45.44% 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 9.72 per share, which is higher than the dividend per share paid by the company of CAD 3.40, 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 payout

Bank of Nova Scotia Stock performance

Finally, last moth Bank of Nova Scotia showed a return of -5.90% compared to a worldwide -5.60% average, and a -5.58% of Financials firms. Over the last year, the company obtained a -16.10% versus a worldwide performance of a -11.41%. More detailed information can be seen in the following graph for Canada and Banks firms.

Bank of Nova Scotia stock and market return

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