Dividend Raise: Bank of Nova Scotia (BNS)
On March 2rd, Bank of Nova Scotia (BNS) raised their quarterly dividend 2.86% from $0.70 to $0.72.
BNS’ Q2 2015 dividend payment was $0.68, so this represents a one year increase of 5.88%.
Considering the Dividend Beginner portfolio consists of 50 shares of BNS, my annual income from BNS has increased by $4.00, from $140.00 to $144.00 ($11.67 to $12.00 per month). My 12-month forward dividend income has risen from $1,425.90 to $1,429.90, an increase of 0.35%. My average monthly dividend income is now $119.16.
While a $4.00 increase in annual dividend income is laughable, think about how it would require an investment of $100.00, yielding 4.00% to generate $4.00 in dividend income.
|Before raise||Net Increase||After raise|
|Annual Dividend Income||$1,425.90||$4.00||$1,429.90|
|Monthly Dividend Income||$118.83||$0.33||$119.16|