Common Share Information
Find common share information including dividends, dividend re-investment plan, closing share prices etc.
- Dividends
- Closing Prices
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 |
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 29, 2022 | Feb 28, 2023 | May 24, 2023 | Aug 29, 2023 |
| Ex-Dividend | Jan 3, 2023 | Apr 3, 2023 | Jul 4, 2023 | Sep 29, 2023 |
| Record | Jan 4, 2023 | Apr 4, 2023 | Jul 5, 2023 | Oct 3, 2023 |
| Payment | Jan 27, 2023 | Apr 26, 2023 | Jul 27, 2023 | Oct 27, 2023 |
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.
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:
Computershare Trust Company of Canada
100 University Ave., 8th floor
Toronto, Ontario, Canada
M5J 2Y1
Tel: 1-877-982-8767
E-mail: service@computershare.com
For closing prices on the Bank's common share prior to 1983, please contact the Toronto Stock Exchange.