Bank of Nova ScotiaNYSE: BNS

These dividend stocks all pay yields of around 6% and higher.

Canadian banks are fewer but more stable than U.S. banks, with the "Big Six" being crucial to the economy and government-backed against failure. Scotiabank offers strong long-term income potential, despite recent slow growth due to the Canadian economy's performance. With 191 years of uninterrupted quarterly dividends and a history of consistent payment raises, BNS is a reliable income source, especially for retirement portfolios.

Annaly Capital Management has a huge yield and a terrible dividend track record. TD Bank has a high yield and a strong dividend track record.

The S&P 500 is yielding a measly 1.3%. Real estate investment trust W.P.

The Bank of Nova Scotia (NYSE:BNS ) Barclays 22nd Annual Global Financial Services Conference September 9, 2024 2:00 PM ET Company Participants Aris Bogdaneris - Group Head of Canadian Banking Conference Call Participants Unidentified Analyst Good afternoon. Welcome back.

Bank of Nova Scotia is a North American banking giant that's just expanded its reach in a very important market. W.P. Carey disappointed investors with a dividend cut, but it was really more of a rest when you take a closer look.

Large Canadian banks have long looked to expand into the U.S. market, with the notable exception of one company. With a huge investment in KeyCorp, Canada's lone U.S.-averse bank is shifting gears.

Interest rate cuts signal weakening economic fundamentals, aimed at stimulating the economy and improving affordability. Rate cuts benefit banks by reducing defaults, enabling them to release reserves and boost earnings. We capitalize on this environment by collecting substantial dividends.

Shares of Scotiabank have outperformed the S&P 500 in the last couple of months. The Canadian bank's growth outlook remains encouraging beyond fiscal year 2024. Scotiabank's financial health supports robust credit ratings from the major rating agencies.