TORONTO, Feb. 27,
2024 /CNW/ - Scotiabank today announced a dividend on
the outstanding shares of the Bank, payable April 26, 2024, to shareholders of record at the
close of business on April 2, 2024:
Common Shares
- Dividend No. 619 of $1.06 per
share;
Holders may elect to receive their dividends in common shares of
the Bank in lieu of cash dividends, in accordance with the Bank's
Shareholder Dividend and Share Purchase Plan (the "Plan"). Under
the Plan, the Bank determines whether the additional common shares
will be purchased on the open market or issued by the Bank from
treasury. At this time, and until such time as the Bank elects
otherwise, for the purposes of dividend reinvestments and stock
dividends under the Plan, the Bank will continue to issue Common
Shares (as defined in the Plan) from treasury, with a 2% discount
to the Average Market Price (as defined in the Plan). For optional
share purchases made under the Plan, the Bank will issue common
shares from treasury at 100% of the Average Market Price (as
defined in the Plan). Such shares will be allotted for issuance by
Computershare Trust Company of Canada, as agent under the Plan, for the
account of participants in the Plan, in an amount determined in
accordance with the provisions of the Plan.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, their families and their communities
achieve success through a broad range of advice, products and
services, including personal and commercial banking, wealth
management and private banking, corporate and investment banking,
and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2024), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit
http://www.scotiabank.com and follow us on X @Scotiabank.
SOURCE Scotiabank