WE RECENTLY PURCHASED THE FOLLOWING
Total Spent: $418.50
BANK OF NOVA SCOTIA (BNS)
Purchased 9 shares of BNS on 8/17/2015 at $46.50Total Spent: $418.50
On Monday, we decided to pick up 9 shares of BNS (Bank of Nova Scotia). And with our purchase of BNS, we added another NEW company to our family's dividend stocks portfolio. BNS is now the second Canadian Bank stock we hold in the portfolio. We also currently own 20 shares of Toronto Dominion Bank (TD). I must say that we are extremely happy to be increasing our exposure to Canadian Banks at existing valuations.
Company Description
From Google Finance:
“The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada, through a network of 1,190 branches, 3,869 automated banking machine (ABMs), as well as telephone, Internet banking and third-party channels. International Banking includes Scotiabank’s retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses”
As mentioned previously, our recent purchase of BNS added a new holding to our family's dividend stocks portfolio. So we now have a total of 46 different dividend paying stocks/ETFs in our family's dividend stocks portfolios (WF and EJ Accounts). We also own stocks in 4 companies that either don't pay a dividend our has currently suspended their dividends
Our family's dividend stocks portfolio may be found
by clicking on the link below:
We also maintain an extensive list of stock analysis
that can be access through the link below:
We also just started a list of Recent Buys by other bloggers
that can be access through the link below:
HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
BANK OF NOVA SCOTIA (BNS)
P/E: 10.12
Payout Ratio: 46.44%
Dividend Yield: 4.62%
4 consecutive years of dividend increases
Last Ex-dividend date: 7/2/2015
Payout Ratio: 46.44%
Dividend Yield: 4.62%
4 consecutive years of dividend increases
Last Ex-dividend date: 7/2/2015
Next Ex-dividend date: approx. - 10/2/2015
Have paid a dividend since: 1834 (181 years!)
Pays a dividend 4 times a year.
Market Cap: 56.2 Billion
52-week high: $67.75
52-week low: $46.15
Purchased Price: $46.50
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1834 (181 years!)
Pays a dividend 4 times a year.
Market Cap: 56.2 Billion
52-week high: $67.75
52-week low: $46.15
Purchased Price: $46.50
What are your thoughts about my recent purchase?
What are you buying?
Wow..you sure are putting a lot of cash to work, AFFJ. Congrats on picking up yet another fanstastic company. I am long BNS as well - have been investing for a couple of years and the current valuation is as low as when I first started. Its really hard to beat that div streak isnt it? :)
ReplyDeleteBest
R2R
Yeah...I think I may have a problem. I can't turn away a good sale. haha At least, done right, this kind of purchase should return dividends (literally) in the long run. lol
DeleteI definitely like BNS at current valuations.
Regards, AFFJ
Great buy AFFJ!
ReplyDeleteI have BNS on my radar as well. Canadian bank should be in any potfolio. Great compagnies with good dividend history.
Best regards,
Steph
We feel the same way. At current valuations, we like the long term prospects of relying on BNS for dividends. We plan to continue adding to these holdings if prices continue to stay at these levels.
DeleteThanks for stopping by and commenting. AFFJ
BNS has been on my August potential buy list and you don't need to give me a reason to like any of the large Canadian banks. I added to my RY this week and at these depressed levels I may add more before August is over to TD as well. Thanks for sharing.
ReplyDeleteDivHut - Trying to gain some exposure to Canadian Banks. We have TD, BNS, and RY on our watchlist. So far, we accumulated shares in TD and BNS. I do like RY also so maybe that is next on the list. :)
DeleteHope you get an opportunity to add more shares on TD before the end of the month. Market has been very kind to us buyers lately. Lots of great deals out there!
Best wishes and continued success my friend. AFFJ
Nice buy. I did the same and added u^p 25 shares. Keep the dividend coming! Contrats.
ReplyDeleteGlad to hear you also had the chance to grab a few discounted shares in BNS as well. Prices are even lower this week! Thinking about possible grabbing a couple of shares this week before my free trade counter resets. With 8 free trades left, we are looking to strategically lower our cost basis in a few companies without breaking the bank. We plan to spend what we can afford even if it means just buying 1-2 shares of a particular stock. Something is better than nothing right. :)
DeleteRegards, AFFJ