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How Many Bank of Nova Scotia Shares You Need for $1,000 in Annual Dividend Income?
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How Many Bank of Nova Scotia Shares You Need for $1,000 in Annual Dividend Income?
Canadian banks have delivered steady returns over the past year, thanks to falling interest rates and a resilient economy. Bank of Nova Scotia (TSX:BNS) stock has surged almost 25% since November 2024 and is up 60% in the past decade. After we adjust for dividend reinvestments, cumulative returns are closer to 170% since November 2015. Despite these inflation-beating returns, BNS stock offers shareholders a tasty dividend yield of 4.7%, given it…
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