TORONTO, Dec. 3, 2024
/CNW/ - Scotiabank today announced a dividend on the outstanding
shares of the Bank, payable January 29, 2025, to
shareholders of record at the close of business on
January 7, 2025:
Common Shares
- Dividend No. 622 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.
As previously announced, until such time as the Bank elects
otherwise, the Bank has suspended the discount to the Average
Market Price (as defined in the Plan) for dividend reinvestments
and stock dividends under the Plan and has discontinued the
issuance of common shares from treasury under the Plan. Purchases
of common shares under the Plan will be made by Computershare Trust
Company of Canada, as agent under
the Plan, in the secondary market in accordance with the provisions
of the Plan. All brokerage commissions or service charges in
connection with such purchases will be paid by the Bank.
About Scotiabank
Scotiabank's vision is to be our
clients' most trusted financial partner and deliver sustainable,
profitable growth. 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 October 31,
2024), Scotiabank is one of the largest banks in
North America by assets, and
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