BNS - Scotiabank: A 7%-Yielding Blue Chip Dividend Stock To Buy Now
2024-06-21 07:03:24 ET
Summary
- Scotiabank appears to be an interesting option for safe, outsized, and steadily growing income.
- The Canadian bank beat the analyst consensus for revenue and adjusted EPS in its fiscal Q2.
- BNS' Common Equity Tier 1 capital ratio meaningfully improved during the quarter.
- Shares of the bank look to be trading at a 13% discount to fair value.
- BNS could be set up to generate 45%+ cumulative total returns through October 2026.
As an individual, I have my moments of creativity. After all, I am self-employed as a dividend writer. That involves coming up with interesting and engaging headlines to support an investment thesis on a company or companies.
One of the things that I appreciate the most about dividend investing is that you don't have to reinvent the wheel, though. For me, dividend investing often boils down to whether a company has a reputation for rewarding shareholders and the means to keep doing so. It can be that simple ....
Scotiabank: A 7%-Yielding Blue Chip Dividend Stock To Buy Now