Rank Bank of Nova Scotia Preferreds
This compare tool allows you to Rank Bank of Nova Scotia Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Bank of Nova Scotia preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.
In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.
Bank of Nova Scotia Brief Overview
Visit the Bank of Nova Scotia company website to see the preferred share prospectus, news and other information.
Sector: Financial services.
Core businesses and operations:
- Canadian banking
- International banking
- Global banking
- Personal and Commercial Banking.
- International operations concentrated in Central and South America
Bank of Nova Scotia is third lastest of the Big Five banks in Canada.
All BNS preferreds are subject to Automatic Conversion to Common Stock. Here is a sample for the series 36 preferreds.
Upon the occurrence of a Trigger Event (as defined herein), each outstanding Preferred Share Series 36 and, if issued, each outstanding Preferred Share Series 37 will automatically and immediately be converted, without the consent of the holders thereof, into that number of fully-paid common shares of the Bank (the “Common Shares�) determined by dividing a multiplier of the Share Value (as defined herein) by the Conversion Price (as defined herein). Investors should therefore carefully consider the disclosure with respect to the Bank, the Preferred Shares Series 36, the Preferred Shares Series 37, the Common Shares and the consequences of a Trigger Event included in this prospectus supplement and the accompanying short form base shelf prospectus of the Bank dated June 27, 2014 (the “Prospectus�). See “Details of the Offering – Certain Provisions Common to the Preferred Shares Series 36 and the Preferred Shares Series 37�.
The latest information and statistics on their common stock BNS, can be easily accessed using websites like TMX Money.
Dividend Payment Schedule: 2022JAN28 , 2021APR28 , 2021JUL28 , 2021OCT28 Ex Dividend Date Schedule: 2022DEC31 , 2021APR01 , 2021JUN28 , 2021SEP30
Bank of Nova Scotia Credit Rating
The latest credit rating for Bank of Nova Scotia are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.
| S&P Corporate | S&P Preferreds | DBRS Long Term | DBRS Preferred's | S&P Global Corporate | S&P Global Preferreds | Moody's LongTerm | Fitch Long Term | Fitch Short Term | A+ | AA | Pfd-2H | A2 | AA- |
|---|
Bank of Nova Scotia Common Share Metrics
| Symbol: TSE:BNS | Currency: CAD | Market Cap: $79,382,976,561 | Price: $79.43 | P/E: 14.93 | P/B: 1.52 | Dividend: $0.900 | Yield: 4.53% | Beta: 0.67 |
Bank of Nova Scotia Overall Preferred Share Metrics
I have reviewed the full set of Bank of Nova Scotia preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "Bank of Nova Scotia". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.
| Preferred issues: 4 | Lowest Current Yield: BNS-H @ 4.71% | Highest Current Yield: BNS-E @ 5.45% | Average Current Yield: 5.10% | 5 Year Reset issues: 4 | 5YR Reset Lowest Reset Yield: BNS-I @ 3.31% | 5YR Reset Highest Reset Yield: BNS-G @ 5.53% | 5YR Reset Average Reset Yield: 4.77% | Lowest Rate Increase Percent: BNS-H @ -2.000% | Highest Rate Increase Percent: null @ 0.00% | Average Rate Increase Percent: -1.000% | Market Cap at Market Value: 1,675,340,000 | Market Cap at Face Value: 1,650,000,000 | Discount Amount: -25,340,000 | Discount Percent: -1.540% | Percent of Total Market Cap at Market Value: 2.25% | Percent of Total Market Cap at Face Value: 1.94% |
Rank Bank of Nova Scotia Preferreds - Compare Tool.
If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company
The following metrics are now only available on the premium version of this tool:
- Reset Date.
- Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
- Blended (Yield | Dividend).
- Rate Increase Percent.
- Rate Increase To Value.
- New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
- New Spread Value.
- Short Position.
- Additional Features.
- Years To Double Initial Investment. How many years will it take for the initial investment to double.
- Outstanding float.
- Market Cap In Bilions.
- Common Stock P/E Ratio.
- Common Stock P/B Ratio.
- Common Stock Yield.
| Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Name |
|---|---|---|---|---|---|---|
| BNS-E BNS.PR.E CA0641495522 | $25.31 | #N/A | #N/A | 5yr + 4.51% | 05.45% $1.3800 | Bank_of_Nova_Scotia_5.50%,_Series_34_-_NVCCBNS |
| BNS-G BNS.PR.G CA0641512029 | $25.33 | $25.81 | $24.38 | 5yr + 4.72% | 05.45% $1.3800 | Bank_of_Nova_Scotia_5.50%,_Series_36_-_NVC |
| BNS-H BNS.PR.H CA0641511112 | $25.69 | $25.98 | $22.21 | 5yr + 4.19% | 04.71% $1.2100 | Bank_of_Nova_Scotia_4.85%,_Series_38_-_NVC |
| BNS-I BNS.PR.I CA06415E3032 | $25.05 | $25.40 | $16.71 | 5yr + 2.43% | 04.83% $1.2100 | Bank_of_Nova_Scotia_4.85%,_Series_40_-_NVCCBNS |
Here is a Limited Version of the Premium - Compare Tool.
A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version
| Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset | Blended (Yield Dividend)follow link passed the end of the table to see definition | Yield To Call | Reset Date Y/M/D | Rate Increase percent | Rate Increase to value | New Spread Increase | New Spread value | Short Position | Additional Features | Years To Double Initial Investment | Outstanding Float | Name |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BNS-E BNS.PR.E CA0641495522 | $25.31 | #N/A | #N/A | 5yr + 4.51% | 05.45% $1.3800 | 05.33% | $1.3483 | 05.32% $1.34 0@cy+20@ry | N/A | 2021apr26 | -1% | 5.32% | -1% | 4.45% | 35,304 | Non-Cumulative NVCC ACTSWHC | 13.06 | 14,000,000 | Bank_of_Nova_Scotia_5.50%,_Series_34_-_NVCCBNS |
| BNS-G BNS.PR.G CA0641512029 | $25.33 | $25.81 | $24.38 | 5yr + 4.72% | 05.45% $1.3800 | 05.53% | $1.4008 | 05.53% $1.40 0@cy+20@ry | N/A | 2021jul26 | -1% | 5.53% | -1% | 4.65% | 62,154 | Non-Cumulative NVCC ACTSWHC | 13.06 | 20,000,000 | Bank_of_Nova_Scotia_5.50%,_Series_36_-_NVC |
Additional Information
Continue to Rank Bank Bank of Nova Scotia Preferreds page 2 of 4 where you can find
- What if “Yield Scenarios” for 5 year resets.
- Graph of all preferred share yields
- Prospectus Information
