BNS Dividend Type Payments

Although BNS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bank Nova Scotia Halifax Pfd 3 Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
54.13	55.10	54.55	-0.56	3.2M	16	66B

BNS Dividend-Like Income Using Covered Calls

With BNS at 54.55, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield	Annual Premium	Cents/Day
3%	1.64	0.4
5%	2.73	0.7
10%	5.46	1.5

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On BNS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	55.00	0.70	36	1.7	0.00 (0.0%)
Sep 19	55.00	1.25	71	1.6	0.00 (0.0%)

5% Yield On BNS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	55.00	0.70	36	1.7	0.00 (0.0%)
Sep 19	55.00	1.25	71	1.6	0.00 (0.0%)

10% Yield On BNS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	55.00	0.70	36	1.7	0.00 (0.0%)
Sep 19	55.00	1.25	71	1.6	0.00 (0.0%)

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Want more examples? BNO Dividend | BNTX Dividend