Looking at the universe of stocks we cover at Dividend Channel , on 12/31/15, Bank of Nova Scotia (Symbol: BNS) will trade ex-dividend, for its quarterly dividend of $0.70, payable on 1/27/16. As a percentage of BNS's recent stock price of $41.96, this dividend works out to approximately 1.67%, so look for shares of Bank of Nova Scotia to trade 1.67% lower - all else being equal - when BNS shares open for trading on 12/31/15.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BNS is likely to continue, and whether the current estimated yield of 6.67% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BNS shares, versus its 200 day moving average:
Looking at the chart above, BNS's low point in its 52 week range is $39.55 per share, with $57.83 as the 52 week high point - that compares with a last trade of $41.93.
In Tuesday trading, Bank of Nova Scotia shares are currently up about 1.4% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.