Common Share Dividends

Dividend Philosophy

Scotiabank's practice has been to relate dividends to the trend earnings, while ensuring that capital levels are sufficient for both growth and depositor protection.

This practice, coupled with the Bank's strong earnings growth, has led to dividend increases in 43 of the last 45 years - one of the most consistent records for dividend growth among major Canadian corporations.

The following is a record of increases in the quarterly dividend per common share for the fiscal period 2015 to 2018:

Fiscal 2018 -

2nd quarter - increased from 79 cents to 82 cents.

Fiscal 2017 -

4th quarter - increased from 76 cents to 79 cents.
2nd quarter - increased from 74 cents to 76 cents.

Fiscal 2016 -

4th quarter - increased from 72 cents to 74 cents.
2nd quarter - increased from 70 cents to 72 cents.

Fiscal 2015 -

4th quarter - increased from 68 cents to 70 cents.
2nd quarter - increased from 66 cents to 68 cents.

The Bank has paid dividends to common shareholders every year since its foundation in 1832.
Quarterly Dividends (as declared) per Common Share (2015 to present)

Fiscal years
$Cdn 2015 2016 2017 2018
Q1 0.66 0.7 0.74 0.79
Q2 0.68 0.72 0.76 0.82
Q3 0.68 0.72 0.76  
Q4 0.7 0.74 0.79  
Common Share Dividend History and Stock Splits
Record and Payment Dates for Dividends (Common and Preferred)

Subject to approval by the Board of Directors, the payment date for common and all preferred shares is usually the third last business day of each fiscal quarter. Bank fiscal quarters end with the months of January, April, July and October.

The record date is the first Tuesday of the month in which dividends are paid. If the first Tuesday falls on a statutory holiday, the record date will be fixed on the next business day. 

Fiscal 2018 Common and Preferred Share Dividend Dates

(subject to approval by the Board of Directors)

Declared

Ex-Dividend

Record

Payment

November 28, 2017

December 29, 2017

January 2, 2018

January 29, 2018

February 27, 2018

April 2, 2018

April 3, 2018

April 26, 2018

May 29, 2018

June 29, 2018

July 3, 2018

July 27, 2018

August 28, 2018

October 1, 2018

October 2, 2018

October 29, 2018

Dividend Taxation

The federal Income Tax Act, and most provincial income tax legislation, provides lower levels of taxation for Canadian individuals who receive eligible dividends. All of the dividends paid by the Bank of Nova Scotia, and any of its subsidiaries, in 2006 are eligible dividends and all dividends paid hereafter will be eligible dividends unless indicated otherwise.

Direct Deposit

Registered shareholders may have dividends conveniently deposited directly into accounts held at financial institutions which are members of the Canadian Payments Association.
To arrange for direct deposit service, write, phone or fax the Transfer Agent:

Computershare Trust Company of Canada
100 University Ave., 8th floor
Toronto, Ontario, Canada
M5J 2Y1

Tel: 1-877-982-8767
Fax: 1-888-453-0330
E-mail: service@computershare.com

Shareholder Contact Information

Contact information for shareholders questions and inquiries.

Common Share - Closing Prices

A history of the daily closing prices (1983 - present) for the Bank's common share traded on the Toronto Stock Exchange.