Scotiabank shares: price, dividends and performance

James Rodriguez James Rodriguez  updated on 2022-06-15

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Scotiabank is one of the best performing financial stocks in Canada.

How much can you make with Scotiabank stock?

Get up-to-date and precise information on Scotiabank stock with its current price, dividend yield, analysis and our opinion.

This page is for information purposes only and does not constitute investment advice. Remember that investing can be risky.

Want to buy shares in Scotiabank: Our key take-aways

Stock exchange: TSX

  • Stock Index: S&P/TSX 60
  • Dividend 2021: $3.65
  • Dividend forecast 2022: $4
  • Performance over 1 year: +19.09%

Should I buy Scotiabank stock?

Given the amount of dividends paid by Scotiabank, this stock is an excellent yield stock to consider for your stock portfolio.

Scotiabank's current dividend yield is above 5%, which is well above the industry average. In addition, the company has never stopped paying dividends in 19 years.

In addition to this opportunity for regular income, Scotiabank shares could also generate capital gains over the longer term with an expected rising share price.

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How can I buy shares in Scotiabank ?  

To buy Scotiabank on the stock market:

  1. Find an online broker offering stock investments.
  2. Open your trading account by filling out a simple form.
  3. Deposit funds into your account.
  4. Search for the stock
  5. Place a buy order to add Scotiabank to your stock portfolio.

To invest in Scotiabank, you can go through a traditional investment firm, an online brokerage or speak with a financial advisor.

How much are Scotiabank shares?

See price chart below to follow Scotiabank stock price in real time.

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Why Scotiabank shares could go up:

The current macroeconomic and microeconomic analysis of Scotiabank reveals several arguments in favour of a rise in its share price:

  • A strong international presence: Scotia is currently the most international of the Canadian banks, with more than 2,000 branches in over 55 countries around the world. It has a strong presence in the Mexican and Caribbean markets.
  • Canada's leading lender: The group is also currently the largest lender in Canada, well ahead of its competitors.
  • Diversified products and services: The Group's broad range of businesses and its broad portfolio of products and services ensure sustainable revenue growth.
  • Strong capital base: Scotia's strong capital base provides greater resilience to potential adverse market developments.
  • Strategic Acquisitions: To continue our global expansion, Scotiabank regularly makes strategic acquisitions, particularly in South America and Asia.

Why Scotiabank shares could go down:

In parallel to these elements that favour a rise in Scotiabank shares, there are also a few arguments in favour of a probable decline in this stock, including

  • A weak presence in emerging markets: despite a well executed and strong international expansion strategy, the group remains poorly represented in some emerging economies.
  • Low market share: in addition, Scotiabank faces challenges in increasing its market share in the face of strong competition from other major banks in the industry.
  • Restrictive regulations: Changes in banking regulations can negatively impact the Bank's business, as was recently the case with changes to mortgage rules in Canada.
  • Low profit margins: Again, due to strong competition from other major Canadian banks, the Scotiabank Group must regularly lower its margins to remain competitive.

Can I buy Scotiabank stock online?

Yes! You can buy Scotiabank shares online. For many buys this is the best way to do it. Here's why:

  • The commissions are lower
  • You can choose your own investments
  • You benefit from analysis and decision support tools
  • You can invest in stocks directly or through derivatives like ETFs.

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How can I sell my Scotiabank shares? 

If you want to sell Scotiabank shares, you have several options:

  • You can sell these shares for cash using your regular stockbroker with a sell order if you own the company.
  • You can sell these shares short if you use a margin account only.
  • Finally, you can use certain derivatives such as options or CFDs to speculate on the downside of this stock.

What investment vehicles in Canada can hold Scotiabank stock? 

Scotiabank shares can be placed in several different savings vehicles including" 

  • RRSPs: these registered retirement savings plans offer funds that are accessible at the time of retirement and offer an income tax deferral.
  • TFSAs: tax-free savings accounts is an incredibly popular short-and long-term tax-free investment vehicle.
  • Margin accounts: This account offers leverage and allows you to borrow against the value of the securities you hold to make other investments. It allows you to sell short.
  • Cash accounts: This account allows you to trade stocks on North American markets only. 

You can buy Scotiabank shares for cash through an online brokerage platform and add them to your stock portfolio.

Some products and funds such as ETFs and mutual funds also allow you to invest in a single order in Scotiabank stock and other stocks in the same sector.

Scotiabank share price history over 10 years:

Time periodGrowthHighLow
1 week1.40%94.3390.42
1 month-2.47%9587.65
3 months7.84%9584.82
6 months18.06%9575.84
1 year19.09%9575.84
3 years27.56%9546.38
5 years15.98%9546.38
10 years72.58%9546.38
Scotiabank 10-year performance

Scotiabank dividends and payment dates

In 2021, Scotiabank paid a dividend of $3.65 per share to its shareholders. This represents an annual yield of 5.07%.

This dividend is usually paid in 5 installments during the months of January, April, July, October and December.

In 2022, the amount of Scotiabank's dividend should remain the same.

Finally, it should be noted that this company has been paying a dividend without interruption for 19 years and that the amount of this dividend has not decreased for 2 years.

Dividend: payout 2021Payout 1Payout 2Payout 3Payout 4
Ex-dividend date04/01/202105/04/202105/07/202104/10/2021
Date:27/01/202128/04/202128/07/202127/10/2021
Dividend per stock$0.90 per stock$0.90 per stock$0.90 per stock$0.90 per stock
Scotiabank 2021 Dividends: dates and amounts
Dividend: payout 2022Payout 1Payout 2Payout 3Payout 4
Ex-dividend date30/12/202104/04/2022PendingPending
Date:27/01/202227/04/2022PendingPending
Dividend per stock$1 per stock$1 per stockPendingPending
Scotiabank 2022 Dividends: dates and amounts

What is the dividend yield for Scotiabank over the last 10 years?

YearDividend amountVariancePerformance
20122.2407.33%4.04
20131.758-21.52%4.17
20142.35233.79%3.53
20153.26638.86%4.18
20162.220-32.03%4.19
20172.4148.74%3.86
20182.5375.1%4.42
20191.995-21.364.72
20202.66633.63%6.42
20213.65036.91%5.07
Scotiabank divident history

The yield on Scotiabank shares is obtained by dividing the annual dividend by the annual average price.

A stock's yield provides key information about a company's dividend policy and its evolution over time and performance.

Annual gross shareholder return = Total dividend for the year ÷ average share price for the same year

The 10-year average return = Sum of annual returns ÷ 10

What analysts are saying about Scotiabank stock:

A critical analysis of Scotiabank stock:

Fundamental analysis of Scotiabank stock reveals many bullish signals and some bearish ones. Here is a summary:

  • High profitability: The company's business is currently showing attractive profitability with an increase in net margins over the past year.
  • Yield Value: Scotiabank is one of the best yield stocks in the industry with a large dividend.
  • Positive expectations: In recent months, analysts working on this file have revised upward their forecasts for the group's earnings per share several times. The same is true for the average price target, which was recently raised.
  • Consistent forecasts: Analysts' forecasts for Scotiabank's business are very close, reflecting excellent visibility of the business and good communication from the group.
  • Low growth expectations: however, Scotiabank is not one of the most attractive growth stocks at this time due to low growth expectations for the next few years.
  • Below expectations: Finally, it should be noted that in the past, the Scotiabank group has often published results below expectations.

A technical analysis of Scotiabank stock:

Regarding the technical analysis of the Scotiabank share price, the medium and long-term signals are very positive with:

  • The RSI is currently at the level of 73.53 and therefore returns a strong buy signal.
  • The short and medium-term stochastics are sending a strong buy signal and the long-term stochastic is sending an overbought signal.
  • The MACD is currently at 4.99, which also gives an interesting buy signal.
  • The simple and exponential moving averages are all returning a buy signal in all time frames.
  • The next technical support levels are at 88.02 and 84.20 and the next resistance levels are at 95.32 and 98.80.

Who is Scotiabank?

Scotiabank, also known as the Bank of Nova Scotia, is a Canadian financial institution and an international bank.

It provides financial services in North America, Latin America, the Caribbean, Central America and Asia Pacific.

The bank offers a wide range of advice, products and services including

  • Personal and commercial banking services
  • Wealth management and private banking services
  • Corporate and investment banking services
  • Financial market services

The Scotiabank Group's activities can also be broken down as follows:

  • Canadian Banking: provides a range of financial advice and banking solutions to personal, small business, corporate and wealth management clients in Canada.
  • International Banking: provides a range of financial products, solutions and advice to individuals and businesses in select markets outside Canada.
  • Global Banking and Markets provides corporate banking, investment banking and capital markets solutions and transactional services.

Who are Scotiabank’s competitors?

The Scotiabank Group is one of the leading banks in the Canadian market, where it still generates most of its profits. However, it faces some competition in the Canadian market:

  • TD Bank: Toronto Dominion Bank is one of Canada's major financial institutions. The group also operates in other markets and is mainly present in the United States and is among the leaders in the insurance sector in the Canadian market.
  • RBC: Royal Bank of Canada is currently the largest Canadian bank in terms of market capitalization and assets. It is also one of North America's leading financial services companies.
  • BMO: Bank of Montreal is Canada's oldest bank and owns and operates numerous branches across the country.
  • CIBC: The Canadian Imperial Bank of Commerce (CIBC) is also one of the country's largest banks and is primarily engaged in public business. It has operations elsewhere in the world and also has a strong presence in the United States, the Caribbean and the United Kingdom.
  • Desjardins: this system of credit unions created in 1900 is one of the largest financial institutions in the world.
  • National Bank of Canada: Finally, the National Bank of Canada is a full-service financial group serving individuals and businesses of all sizes in the national market. The group also offers specialized services internationally.

Who are Scotiabank’s partners?

Scotiabank regularly enters into strategic alliances with other companies to enhance our brand awareness or growth. Some of its current key partners include:

  • Google: Most notably, the group signed a partnership with Google Cloud in 2021 with the goal of strengthening its commitment to prioritizing cloud computing and accelerating its global data and analytics strategy.
  • The Microcredit Mill: Scotiabank has committed to a $2.5 million donation to The Microcredit Mill as part of its investment initiative. The goal of the donation is to provide skilled immigrant women with career coaching and financial support.
  • General Motors: The two companies recently partnered to launch new GM® Scotiabank® Visa cards. The new credit card lines are designed to allow customers to take control when choosing a Chevrolet, Buick, GMC or Cadillac vehicle.
  • Kabbage: The banking group has also partnered with online lender Kabbage to support small business loan applications in Canada and Mexico. Through this partnership, the bank's customers in Canada and Mexico will be able to apply for a loan of up to $100,000 for their small business through the Kabbage platform.