Bank of Nova Scotia (BNS) is the third largest financial institution amongst the Big Five banks in Canada by deposits and market cap. Scotiabank, as it is more commonly known, has the most international presence of the Canadian banks with exposure in 55 countries outside Canada.
Bank of Nova Scotia saw a pause in its dividend growth during the financial crisis, but has started raising the dividends again since. The current 5-yr dividend growth rate stands at 5.49%. Since 2012, BNS has started raising dividends in smaller increments, but twice a year. BNS has the second largest streak in paying dividends in Canadian corporate history – an unbroken chain of dividends that have been paid since 1832!
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