TORONTO, May 28, 2024 /CNW/ - Scotiabank today
announced a dividend on the outstanding shares of the Bank, payable
July 29, 2024, to shareholders of
record at the close of business on July 3, 2024:
Common Shares
- Dividend No. 620 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
April 30, 2024), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit
www.scotiabank.com and follow us on X @Scotiabank.
SOURCE Scotiabank