SmarterDividends
BNS

Bank of Nova Scotia (BNS) Dividend

The Bank of Nova Scotia · Financial Services · Banks - Diversified · quarterly payer

$94.33

Fairly valued · +7% Add to Portfolio

As of Nov 5, 2026, Bank of Nova Scotia (BNS) pays a quarterly dividend of $0.80 per share, or $3.24 a year, a 3.36% yield at its $94.33 share price. It pays every quarter, usually in April, July and October. It has a dividend safety grade of C.

Forward Yield

3.36%

Annual Dividend

$3.24

Payout Ratio

58%

5-Yr Growth

2.7%

Ex-Date

Oct 6, 2026

Frequency

Quarterly

Key facts about BNS's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, The Bank of Nova Scotia (BNS) has a forward dividend yield of 3.36%, based on an annual dividend of $3.24 per share and a share price of $94.33.
  • As of Nov 5, 2026, BNS's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
  • BNS last cut its regular dividend in 2025.
  • BNS's most recent ex-dividend date was Oct 6, 2026, for a dividend of $0.80 per share.
  • As of Nov 5, 2026, BNS pays out 58% of its trailing 12-month earnings as dividends (its payout ratio).
  • BNS's dividend has grown at an average rate of 2.7% a year over the past five years.
  • As of Nov 5, 2026, BNS's 3.36% yield is 36% below its five-year average yield of 5.27%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for BNS is $100.67 per share, 7% above the $94.33 share price, so BNS screens as fairly valued.
  • The Bank of Nova Scotia (BNS) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "BNS Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/BNS

Is BNS a good dividend stock?

Mixed

The Bank of Nova Scotia (BNS) pays a quarterly dividend yielding 3.36% ($3.24/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Comfortable payout ratio (58%)
  • 50% total price return over 5 years

Risks

  • Cut its dividend in 2025

Key Data

Dividend Yield
3.36%
Payout Ratio
58%
Annual Dividend
$3.24
5-Yr Avg Growth
2.7%
Ex-Dividend Date
Oct 6, 2026
Years of Growth
0
Frequency
quarterly
Beta
1.20
Market Cap
$114.8B
P/E Ratio
17.1
5-Yr Total Return
50%
52-Week Range
$64.80 – $96.17
Dividend Safety
C · 52/100
Ever Cut?
Yes (2025)

BNS dividend changes

The Bank of Nova Scotia (BNS) pays a variable dividend: across the 97 payments on record since 2002, 54 were higher than the one before and 26 lower. The latest change was up 1.4% to $0.803 per share, going ex-dividend on Jul 7, 2026.

Ex-dateChangeOld → newMove
Jul 7, 2026Higher$0.792 → $0.803+1.4%
Apr 7, 2026Lower$0.806 → $0.792−1.7%
Jul 2, 2025Higher$0.737 → $0.806+9.4%
Jan 7, 2025Lower$0.786 → $0.740−5.9%
Oct 2, 2024Higher$0.775 → $0.786+1.4%
Jul 3, 2024Lower$0.783 → $0.775−1.0%
Apr 1, 2024Lower$0.800 → $0.783−2.1%
Jan 2, 2024Higher$0.786 → $0.800+1.8%
Sep 29, 2023Lower$0.800 → $0.786−1.8%
Jul 5, 2023Higher$0.762 → $0.800+5.0%
Apr 3, 2023Higher$0.759 → $0.762+0.4%
Jan 3, 2023Higher$0.745 → $0.759+1.9%
Every BNS payment →Download every raise and cut (CSV)
BNS ex-dividend date & scheduleNext ex-date Oct 6, 2026 · full ex-dividend historyView →BNS dividend historyEvery payment, totals by year, raises and cutsView →BNS dividend calculator100 shares pay $324.00 a year, $81.00 each quarterCalculate →BNS total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is BNS a good dividend stock?

Mixed. The Bank of Nova Scotia (BNS) pays a quarterly dividend yielding 3.36% ($3.24/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is BNS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BNS's fair value is about $100.67 versus a $94.33 share price — so it looks fairly valued (+7% vs. fair value).

Is BNS's dividend safe?

BNS has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is BNS's fair value?

Our blended fair-value estimate for BNS is about $100.67 per share, roughly 7% above the current $94.33 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BNS a buy, hold, or sell?

We don't issue formal ratings, but on the data BNS screens as "mixed" and fairly valued. The Bank of Nova Scotia (BNS) pays a quarterly dividend yielding 3.36% ($3.24/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will BNS cut its dividend?

BNS earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BNS pay a dividend?

Yes. The Bank of Nova Scotia pays a quarterly dividend of about $3.24 per share annually, a forward yield of roughly 3.36%.

How much dividend does 100 shares of BNS pay?

At $3.24 per share a year, 100 shares of BNS pay $324.00 a year in dividends before tax, about $81.00 each quarter. Buying them costs about $9,433 at the Nov 5, 2026 price.

What is BNS's dividend yield?

As of Nov 5, 2026, BNS's forward dividend yield is 3.36%, based on a $3.24 annual dividend and a $94.33 share price.

What is BNS's dividend per share?

As of Nov 5, 2026, BNS pays $3.24 per share per year, distributed on a quarterly basis.

What is BNS's dividend payout ratio?

As of Nov 5, 2026, BNS's payout ratio is 58% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has BNS grown its dividend?

BNS does not currently have a long dividend-growth streak on record.

When is the next BNS ex-dividend date?

As of Nov 5, 2026, BNS's next ex-dividend date hasn't been announced. The most recent was Oct 6, 2026, for $0.80 per share.

Income Calculator

At $3.24 / yr per share

Per payment (quarterly)$81.00
Annual$324.00
Monthly avg$27.00
Full BNS dividend calculator →

Similar Dividend Stocks

JPMJPMJPMorgan Chase & Co.1.87%Financial ServicesVVVisa Inc.0.71%Financial ServicesMAMAMastercard Incorporated0.52%Financial ServicesBACBACBank of America Corporation2.48%Financial Services

Compare BNS

BNS vs JPMBNS vs VBNS vs MABNS vs BAC

Explore more

Lists and tools related to BNS