Bank of Nova Scotia currently pays a dividend of $0.79 per share, yielding 3.73%, which exceeds the Banks - Foreign industry average of 2.8% and the S&P 500's 1.36%. The company's annualized dividend of $3.21 represents a 4.5% increase from last year, and over the past five years it has raised its dividend three times for an average annual increase of 2.35%. Its payout ratio stands at 55% of trailing twelve-month earnings. The Zacks Consensus Estimate for fiscal 2026 earnings is $6.01 per share, implying 18.77% growth from the prior year. The stock carries a Zacks Rank of 3, or Hold.
Bank of Nova ScotiaHigh dividend yield and payout ratio, earnings growth forecast, and dividend increase signal financial strength.