DividendMay 27, 2026, 07:12 AM
Scotiabank Increases Dividend to $1.14 per Share
AI Summary
Scotiabank announced an increase in its quarterly dividend, declaring $1.14 per common share, up $0.04 from the previous dividend. This dividend is scheduled for payment on July 29, 2026, to shareholders recorded as of July 7, 2026. The bank also noted that while shareholders can still elect to receive dividends in common shares through its plan, these shares will now be purchased on the open market rather than issued from treasury.
Key Highlights
- Scotiabank declared a dividend of $1.14 per share on outstanding common shares.
- This represents an increase of $0.04 per share.
- The dividend is payable on July 29, 2026.
- Shareholders of record at the close of business on July 7, 2026, will receive the dividend.
- Holders can elect to receive dividends in common shares via the Shareholder Dividend and Share Purchase Plan.
- The Bank has discontinued issuing common shares from treasury under the Plan; purchases will be made in the secondary market.
Price Impact
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