Summary by Futu AI
Scotiabank has announced its 621st dividend of $1.06 per common share, payable on October 29, 2024, to shareholders of record as of October 2, 2024. The bank will maintain its treasury share issuance with a 2% discount to the Average Market Price for dividend reinvestments until October 31, 2024.Effective November 1, 2024, Scotiabank will suspend the discount to the Average Market Price for dividend reinvestments and discontinue issuing common shares from treasury under the Shareholder Dividend and Share Purchase Plan. Future purchases will be made in the secondary market by Computershare Trust Company of Canada, with all brokerage commissions covered by the bank.As of July 31, 2024, Scotiabank maintains approximately $1.4 trillion in assets and continues to trade on both the Toronto Stock Exchange and New York Stock Exchange.