RECENT BUY - (NYSE: BNS)

WE RECENTLY PURCHASED THE FOLLOWING

BANK OF NOVA SCOTIA (BNS)

Purchased 10 shares of BNS on 8/26/2015 at $42.80
Total Spent: $428.00

This morning, with Bank of Nova Scotia (BNS) seemingly this month's ASK THE READERS pick, we decided to place an order to buy 10 shares of BNS.  In case you missed it, we asked our readers to pick a stock between BHP Billiton (BBL), Bank of Nova Scotia (BNS), International Business Machine (IBM), and Walmart Stores (WMT).  At the time of this write up, the final tally was: BNS-5, WMT-4, IBM-1, and BBL-0.  We were not surprised by the top two picks based on the popular buys lately, but we were somewhat surprised that BBL did not receive a single vote. Regardless, we were happy to be adding 10 more shares of BNS to our family's dividend stocks portfolio. 

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”

With the recent purchase Bank of Nova Scotio (BNS), our estimated forward dividends grew another $20,40, putting our yearly dividends at approximately $3,086/year (excluding our Edwards Jones account) and $3,444/year (including our Edward Jones account).

Since we had already held BNS shares in our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 46 different dividend paying stocks/ETFs and also 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:

DIVIDEND STOCKS PORTFOLIO

We also maintain an extensive list of stock analysis

that can be access through the link below:

COLLECTION OF STOCK ANALYSES

We also just started a list of Recent Buys by other bloggers

that can be access through the link below:

COLLECTION OF RECENT BUYS

HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:

BANK OF NOVA SCOTIA (BNS)

P/E: 9.58
Payout Ratio: 46.44%
Dividend Yield: 5.07%
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: 53.1 Billion
52-week high: $67.75
52-week low: $39.55
Purchased Price: $42.80

What are your thoughts about my recent purchase?

What are you buying?