Wednesday, January 28, 2015

New shareholder of Bank of Nova Scotia


Hey Financial Freaks,

Just a quick word to let you know I have initiated a position in Bank of Nova Scotia (BNS). The reason is simple : it's a mildly beat down blue chip. It pays a good, stable and increasing dividend of 2,64$. 

I have already a good chunk of money in the financial industries via Power Corp., Power Financial and Royal Bank. But Scotia Bank adds a little extra exposure in Latin America. It's the most international of the big 6 Canadian Banks.

Those 25 shares will add 66$ to my side income. Pop the champagne! (well, maybe not)

That's it for now. Oh..., and check out my new Net Worth which is approaching 200 K$. I will get there.

Catch you the flip side.




3 comments:

  1. Happy to join you as a fellow shareholder of BNS. I wish I knew about the large Canadian banks many years ago. They truly seem to be on much stronger footing than many American banks and many have paid dividends for over 100 years. I too own BNS, TD and RY and have added BMO and CM to my watch list. For now I probably won't buy any new banks rather average down as they all seem pretty beat up as of late. Thanks for sharing.

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  2. Hey Dividend Hut,

    I, too, should have taken advantage of those big juicy bank dividends a long time ago instead of paying monthly fees to them. I guest it’s better late than never, right.

    The Bank of Canada just lowered it’s interest rate to 0.50%, Hence the share drop on most of the big Banks.

    On the one hand it’s bad for investors, but on the other hand, if you have a mortgage like me, well it’s not.

    So it’s a bit of a catch-22 situation.

    Just saw on your blog that you are doing quite well yourself. Is there a place where you show your Net Worth?

    Thanks for coming by.

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    Replies
    1. For now I only highlight my dividend income and portfolio. Depending on how I'd like to expand the site I may add savings rates and net worth as well. For now, I'm keeping DivHut a dividend-centric site.

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Thanks a lot for your comment.