TORONTO, May 24, 2023
/CNW/ - Scotiabank today announced a dividend on the outstanding
shares of the Bank, payable July 27,
2023 to shareholders of record at the close of business on
July 5, 2023:
Common Shares
- Dividend No. 616 of $1.06 per
share;
Non-Cumulative Preferred Shares
- Series 40, Dividend No. 19 of $0.303125 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 on or after July 1, 2023, 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 is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, 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 a team of over 90,000
employees and assets of over $1.3
trillion (as at April 30,
2023), 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
Twitter @Scotiabank.
SOURCE Scotiabank