Savvy acquisitions set to spur their dividends

BANK OF NOVA SCOTIA $69 (Toronto symbol BNS; Income-Growth Portfolio, Finance sector; Shares outstanding: 1.2 billion; Market cap: $82.8 billion; Dividend yield: 4.9%; Dividend Sustainability Rating: Above Average; www.scotiabank.com) is the third-largest of Canada’s five big banks with assets of $946.7 billion.
Bank of Nova Scotia last raised its… Read More

BNS purchase targets key market

BANK OF NOVA SCOTIA $74 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $88.8 billion; Price-to-sales ratio: 3.6; Dividend yield: 4.5%; TSINetwork Rating: Above Average; www.scotiabank.com) continues to expand its wealth management operations, which supply 12% of its total… Read More

Scotiabank targets key growth areas

Bank of Nova Scotia continues to expand in two main areas: Latin America and wealth management. This includes recent acquisitions of banking operations in Chile and Peru as well as its $950 million all-stock purchase of wealth management firm Jarislowsky Fraser. These additions further diversify… Read More

BNS doubles its presence

BANK OF NOVA SCOTIA $74.95 (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $92.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%) has agreed to acquire Banco Dominicano del Progreso, a bank with 57 branches, 188 ATMs and 367 banking sub-agents in the Dominican Republic.
The… Read More