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 the dividend is announced each quarter and is based on a percentage of net income after tax. The amount of the dividend takes into consideration the preference of preferred shares with respect to dividend payments and the capital adequacy, liquidity and other regulatory directives issued under the Bank Act (Canada).
Growth in the Bank’s earnings have resulted in dividend increases in 43 of the last 45 years – one of the most consistent records for dividend growth among major Canadian corporations.
The Bank declared its initial dividend at the rate of 3% per annum on July 1, 1833. Payments have been made continuously since.
Quarterly Dividends (as declared) per Common Share (2016 to present).
| Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|
| FY 2017 $0.74 |
FY 2017 $0.76 |
FY 2017 $0.76 |
FY 2017 $0.79 |
| FY 2018 $0.79 |
FY 2018 $0.82 |
FY 2018 $0.82 |
FY 2018 $0.85 |
| FY 2019 $0.85 |
FY 2019 $0.87 |
FY 2019 $0.87 |
FY 2019 $0.90 |
| FY 2020 $0.90 |
FY 2020 $0.90 |
FY 2020 |
FY 2020 |
Eligible shareholders wishing to acquire additional common shares of the Bank may take advantage of a cost-free Dividend and Share Purchase Plan.
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.
| Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|
| Declared Nov 26, 2019 |
Declared Feb 25, 2020 |
Declared May 26, 2020 |
Declared Aug 25, 2020 |
| Ex-Dividend Jan 6, 2020 |
Ex-Dividend Apr 6, 2020 |
Ex-Dividend Jul 6, 2020 |
Ex-Dividend Oct 5, 2020 |
| Record Jan 7, 2020 |
Record Apr 7,2020 |
Record Jul 7,2020 |
Record Oct 6,2020 |
| Payment Jan 29, 2020 |
Payment Apr 28, 2020 |
Payment Jul 29, 2020 |
Payment Oct 28, 2020 |
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.
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
For closing prices on the Bank's common share prior to 1983, please contact the Toronto Stock Exchange.