Common Share Information

Find common share information including dividends, dividend re-investment plan, closing share prices etc.

Dividend Policy

Scotiabank’s current policy is to pay common share dividends on a quarterly basis. The amount of dividend is announced each quarter and is based on a target percentage range. The dividend policy is typically revisited once per year in Q2. The amount of the dividend takes into consideration capital adequacy, liquidity and other regulatory directives issued under the Bank Act (Canada). 

The Bank declared its initial dividend on July 1, 1833. Payments have been made continuously since.

  Q1 Q2 Q3 Q4
2019 $0.85 $0.87 $0.87 $0.90
2020 $0.90
$0.90 $0.90
$0.90
2021 $0.90 $0.90
$0.90 $0.90
2022 $1.00 $1.00 $1.03 $1.03
2023 $1.03
$1.03
$1.06 $1.06
2024 $1.06
$1.06 $1.06  

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. The Bank's fiscal quarters end on January 31st, April 30th, July 31st and October 31st.

  Q1 Q2 Q3 Q4
Declared Nov 28, 2023 Feb 27, 2024 May 28, 2024 Aug 27, 2024
Ex-Dividend Jan 2, 2024 Apr 1, 2024 Jul 2, 2024 Oct 1, 2024
Record Jan 3, 2024 Apr 2, 2024 Jul 3, 2024 Oct 2, 2024
Payment Jan 29, 2024 Apr 26, 2024 Jul 29, 2024 Oct 29, 2024

Common and preferred shareholders wishing to acquire additional common shares of the Bank may take advantage of a cost-free Shareholder Dividend and Share Purchase Plan.


At this time, the bank has decided to issue additional shares from treasury at a 2% discount from the average market price (as defined in the Plan) and this will continue until further notice, by way of press release.

The Plan provides a convenient method for eligible shareholders either to invest cash dividends in new common shares of the Bank or to receive dividends in the form of additional common shares of the Bank (stock dividends).

As well, eligible shareholders may invest up to $20,000 per fiscal year in the purchase of additional common shares.

Participants pay no brokerage commission or service charges for share acquisitions under the Plan, and all administrative costs of the Plan are paid by the Bank.

Shareholder Dividend and Share Purchase Plan

Download (PDF: 218.2 kb)

Optional Cash Purchase (OCP)

Participant Declaration Form for Canadian Residents

Download (PDF: 53.7 kb)

Enrolment Form

 

Download (PDF: 125.5 kb)

Fiche d'inscription

Download (PDF: 129.2 kb)

International Holders wishing to make an Optional Cash Purchase should contact Computershare (Tel. 514-982-7555) for the OCP form appropriate to their country of residence. For holders of preferred shares of the Bank, please refer to the Bank's Annual Information Form dated November 26, 2019 for a description of the material attributes of the Bank's common shares. A copy of the Bank's Annual Information Form is available at SEDAR

Common shares to which participants become entitled under the DRIP and the OCP shall be, at the election of the Bank, either newly issued from treasury or outstanding common shares purchased on the secondary market. Common shares purchased on the secondary market in accordance with the DRIP and the OCP may be acquired on or after an ex-dividend date ‎for a Bank dividend payment, in which case such common shares will not be entitled to the applicable dividend payment of the Bank. 

Dividend Taxation

The federal Income Tax Act, and most provincial income tax legislation, taxes Canadian individuals who receive eligible dividends at a lower rate. 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.

 

Transfer Agent

To arrange for direct deposit service or for additional information on participation in the Shareholder Dividend and Share Purchase Plan, write or phone the Transfer Agent:

Transfer Agent and Registrar Main Agent
Computershare Trust Company of Canada
100 University Avenue, 8th Floor
Toronto, Ontario, Canada M5J 2Y1
Telephone: 1-877-982-8767
E-mail: service@computershare.com

2023

Common Share
Closing Price        

PDF [223.5 kb]

2022

Common Share
Closing Price

PDF [219.1 kb]

2021

Common Share
Closing Price

PDF [463.2 kb]

2020

Common Share
Closing Price

PDF [459.3 kb]

For closing prices on the Bank's common share prior to 1983, please contact the Toronto Stock Exchange.