Below is a list of companies in Canada and the United States that have increased their dividends in the month of November.
The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.
Canadian Companies
| Company | Previous ($) | New ($) | Change (%) |
| Alimentation Couche-Tard | 0.07 | 0.0870 | 24.28 |
| Bank of Nova Scotia | 0.90 | 1.00 | 11.00 |
| Cogeco Communications | 0.64 | 0.7050 | 10.16 |
US Companies
| Company | Previous ($) | New ($) | Change (%) |
| Becton & Dickinson | 0.83 | 0.87 | 4.82 |
| Hormel Foods | 0.2450 | 0.26 | 6.12 |
| HP Inc. | 0.1940 | 0.25 | 28.87 |
| MasterCard | 0.44 | 0.49 | 11.36 |
| McCormick & Company | 0.34 | 0.37 | 8.82 |
| Nike Inc. | 0.2750 | 0.3050 | 10.91 |
| Wyndham Hotels & Resorts | 0.24 | 0.32 | 33.33 |
The dollar value listed per share represents a quarterly dividend payment.
Information was obtained from the companies directly.
History of Bank of Nova Scotia
The Bank of Nova Scotia (BNS) was the first large Canadian bank to announce a recent dividend increase. BNS will now pay a quarterly dividend of $1 per share, up from 90 cents, which is an annual dividend of $4 per share. If you are a BNS common shareholder, your income from the stock has just increased by 11%. Who doesn’t like a pay increase?
The Bank of Nova Scotia has a longstanding history which all started in December of 1831 in Halifax. A large group of businessmen met in the Merchants Exchange Coffee House to discuss the need to create a public bank as an alternative to the privately owned Halifax Banking Company. On May 10th, 1832, The Bank of Nova Scotia became the first chartered bank in Nova Scotia and held their first shareholders’ meeting. By August of that year, the bank was officially open for business with only a few staff including Cashier (COO) James Forman, Tellers Alexander Paul, Benjamin Charlie, Messenger James Maxwell, and President William Lawson.
Since their opening, The Bank of Nova Scotia has expanded both nationally and internationally. Today, there are over 900 branches in Canada. The first branch established outside of Nova Scotia opened in Saint John, New Brunswick in 1874 and the first location to open outside of the Maritimes was in Winnipeg, Manitoba in 1882.
Shortly thereafter, the Bank began to open their international branches starting in 1885 in Minneapolis and then in Chicago in 1892. The Bank opened a branch in Kingston, Jamaica in 1889 to facilitate the trading of sugar, rum, and fish. This expansion began the thriving network of the Bank across 25 countries throughout the Caribbean and Central America. Scotiabank is now the largest bank in the region and a continent-wide enterprise.
In 1897, The Bank of Nova Scotia opened their first branch in Toronto, Ontario and then slowly turned their focus to expanding in Western Canada. Branches began to open in Edmonton, Calgary, and Vancouver in 1903 followed by Regina and Saskatoon in 1906.
Banks provide essential services that we use every day and some may say are crucial. They are the gatekeeper to our money allowing us to easily access it, facilitate bill payments, and provide us with loans to fund major purchases such as our homes, and much more. Can you think of any adult you know who doesn’t have a bank account?
Not only do Banks provide us with important day to day services, The Bank of Nova Scotia also rewards their shareholders with dividends. BNS has paid a dividend since the company announced their initial dividend on July 1, 1833. That totals to 188 years of dividends. BNS has a current dividend yield of 4.47%. This means shareholders receive 4.47% of the current share price of $89.48 in the form of dividends annually.