5 Best Canadian Dividend Stocks To Buy Now

4. The Bank of Nova Scotia (NYSE:BNS)

Dividend Yield as of November 28: 5.73%

The Bank of Nova Scotia (NYSE:BNS) is a Canadian multinational banking and financial services company that offers personal and commercial banking services to its consumers. The company has been paying regular dividends to shareholders since 1833 and has raised its payouts in 43 of the last 45 years. The company’s strong dividend policy makes it one of the best dividend stocks on our list. It currently pays a quarterly dividend of C$1.03 per share for a dividend yield of 5.73%, as of November 28.

In November, National Bank maintained a Sector Perform rating on The Bank of Nova Scotia (NYSE:BNS) with an C$85 price target.

At the end of Q3 2022, 15 hedge funds in Insider Monkey’s database reported owning stakes in The Bank of Nova Scotia (NYSE:BNS), compared with 16 a quarter earlier. These stakes have a total value of $236.6 million.

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