Tuesday, March 8, 2011
Scotia Bank Dividend Increase
Although you wouldn't have known it from the 1.43% loss today, BNS raised its quarterly dividend by three cents to $0.52 per share. That's the second major bank to raise dividends since 2009 and that 6% increase will be welcomed with open arms to patient dividend investors.
I had the chance to buy shares at $46.50 a share but I ran out of funds when I sold all my mutual funds. Had I done that, my return on my investment would have gone from 4.2% to almost 4.5%. Not a huge increase, but it will keep inflation at bay and get the ball rolling for the other big banks.
Which Canadian big bank will raise its dividend next?
Watchlist For February 3rd, 2012
Fortis and CN are now trading near their 52 week High and I don't know about you, but I don't like paying full price for anything ...
-
There was a question posted by a reader that I thought would make an excellent topic this week. When investing in a dividend paying compa... -
After starting my path of self investing, I've learned many things in the last year that will forever guide me to my goal of financial f...
4 comments:
I'm REALLY hoping for BMO!
I assume you're still looking to buy BNS at some point?
You own TD and RY, that's pretty darn good man.
Cheers,
Mark
I am still looking to buy BNS, Mark. Once the price is right I will strike. I'd even buy BMO as well.
What do you think about RCI.B price lately? Good time for me to buy?
I'd like to own more telcos, only got BCE. Telus would be preferred but it is too high.
I suppose SJR.B is an option?
RCI.B dropped to where I bought in a year ago, So I think it's definitely a good time to buy. I think Shaw is also priced right and once they get into the cell phone market it's going nowhere but up. I increased my holdings regardless because of their solid dividend growth.
Post a Comment