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
53.36	54.30	53.93	+0.12	915K	13	65B

BNS Dividend-Like Income Using Covered Calls

With BNS at 53.93, 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%	1.62	0.4
5%	2.70	0.7
10%	5.39	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
Dec 20	55.00	0.90	36	2.5	0.70 (1.3%)
Jan 17	55.00	1.05	64	1.6	0.70 (1.3%)

5% Yield On BNS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	55.00	0.90	36	2.5	0.70 (1.3%)
Jan 17	55.00	1.05	64	1.6	0.70 (1.3%)

10% Yield On BNS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	55.00	0.90	36	2.5	0.70 (1.3%)
Jan 17	55.00	1.05	64	1.6	0.70 (1.3%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
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5.	IWM dividend	10.	KRE dividend	5.	CRVS dividend

Want more examples? BNO Dividend | BNTX Dividend