Scotiabank (BNS) lifts common share dividend to $1.14 and maintains market DRIP

Rhea-AI Filing Summary

The Bank of Nova Scotia (Scotiabank) is increasing its dividend on outstanding common shares to $1.14 per share, up $0.04 per share. The dividend will be paid on July 29, 2026 to shareholders of record on July 7, 2026.

Shareholders may choose to receive the dividend in common shares instead of cash under Scotiabank’s Shareholder Dividend and Share Purchase Plan. At present, any additional shares for the plan are being bought in the secondary market rather than issued from treasury, with related purchase costs paid by the Bank.

Insights

Banking equity analyst

Scotiabank modestly raises its common share dividend and continues market-based DRIP purchases.

Scotiabank declared a dividend of $1.14 per common share, an increase of $0.04. A higher dividend generally signals confidence in earnings capacity and supports income-focused shareholders, even if the step-up is incremental rather than transformative.

The filing also confirms that, under the Shareholder Dividend and Share Purchase Plan, additional common shares are currently acquired in the secondary market rather than issued from treasury. This avoids incremental share issuance from the program and concentrates any impact on cash outlay instead of dilution.

Investors tracking capital return policy can note the new dividend level and the continued stance on sourcing DRIP shares from the market as of the dividend payable on July 29, 2026.

Key Figures

New common share dividend: $1.14 per share Dividend increase amount: $0.04 per share Dividend payment date: July 29, 2026 +2 more

5 metrics

New common share dividend $1.14 per share Dividend on outstanding common shares

Dividend increase amount $0.04 per share Increase over prior common share dividend

Dividend payment date July 29, 2026 Payable date for $1.14 common share dividend

Dividend record date July 7, 2026 Shareholders of record eligible for dividend

Total assets Approximately $1.5 trillion As at April 30, 2026

Key Terms

Shareholder Dividend and Share Purchase Plan, secondary market, Computershare Trust Company of Canada, shareholders of record, +1 more

5 terms

Shareholder Dividend and Share Purchase Plan financial

"in accordance with the Bank’s Shareholder Dividend and Share Purchase Plan (the “Plan”)"

secondary market financial

"Purchases of common shares under the Plan will be made ... in the secondary market"

The secondary market is where investors buy and sell financial assets, such as stocks or bonds, after they have been initially issued. It functions like a marketplace where ownership changes hands, allowing investors to cash out or acquire investments more easily. This market provides liquidity, making it easier for people to turn their investments into cash or find new opportunities.

Computershare Trust Company of Canada financial

"Purchases of common shares under the Plan will be made by Computershare Trust Company of Canada, as agent"

shareholders of record financial

"to shareholders of record at the close of business on July 7, 2026"

Shareholders of record are the people officially listed as owners of a company's stock on a specific date. This matters because only these shareholders are entitled to receive dividends or vote at company meetings. It's like being on the official guest list for a party—you get to enjoy the perks and have a say.

outstanding common shares financial

"an increase of $0.04 per share on the outstanding common shares of the Bank"

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FAQ

What dividend did Scotiabank (BNS) announce on its common shares?

Scotiabank declared a dividend of $1.14 per common share on its outstanding common shares. This represents an increase of $0.04 per share, reflecting a higher cash return level for common shareholders going forward, subject to this specific payment cycle.

When will Scotiabank (BNS) pay the new $1.14 dividend and what is the record date?

The $1.14 per share dividend will be payable on July 29, 2026. Shareholders must be on record by the close of business on July 7, 2026 to receive this dividend payment for their common share holdings.

Can Scotiabank (BNS) shareholders receive the dividend in shares instead of cash?

Yes. Holders may elect to receive dividends in common shares rather than cash under Scotiabank’s Shareholder Dividend and Share Purchase Plan. This allows investors to reinvest dividends directly into additional Bank shares through the established program.

Is Scotiabank issuing new shares from treasury for its dividend reinvestment plan?

No. The Bank has discontinued issuing common shares from treasury under the plan until it elects otherwise. Instead, shares are currently acquired in the secondary market, avoiding new share issuance while still supporting dividend reinvestment elections.

Who buys shares for Scotiabank’s dividend reinvestment plan and who pays the costs?

Purchases of common shares under the plan are made by Computershare Trust Company of Canada as agent. All related brokerage commissions and service charges for these secondary market purchases are paid by Scotiabank, not by participating shareholders.

How large is Scotiabank (BNS) based on assets mentioned in this filing?

Scotiabank reported assets of approximately $1.5 trillion as at April 30, 2026. This level of assets places the Bank among the largest banks in North America by assets, highlighting its scale in regional and global banking markets.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of: May 2026

Commission File Number: 002-09048

THE BANK OF NOVA SCOTIA

(Name of registrant)

40 Temperance Street, Toronto, Ontario, M5H 0B4

(416) 866-3672

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☐     Form 40-F ☒

This report on Form 6-K shall be deemed to be incorporated by reference in The Bank of Nova Scotia’s registration statements on Form S-8 (File No. 333-199099) and Form F-3 (File No. 333-282565) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				THE BANK OF NOVA SCOTIA
Date: May 27, 2026				By:		/s/ Gerhardt Samwell
						Name: Gerhardt Samwell
						Title: Senior Vice-President and Chief Accountant

    EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		Press Release dated May 27th, 2026 – Scotiabank Announces Dividend on Outstanding Shares

Exhibit 99.1

Scotiabank Increases Dividend on Outstanding Common Shares

TORONTO, ON (May 27, 2026) – Scotiabank today announced a dividend of $1.14 per share, an increase of $0.04 per share on the outstanding common shares of the Bank. This dividend is payable on July 29, 2026, to shareholders of record at the close of business on July 7, 2026:

Common Shares

• Dividend No. 628 of $1.14 per share; an increase of 4 cents

Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank’s Shareholder Dividend and Share Purchase Plan (the “Plan”). Under the Plan, the Bank determines whether the additional common shares will be purchased on the open market or issued by the Bank from treasury.

As previously announced, until such time as the Bank elects otherwise, the Bank has discontinued the issuance of common shares from treasury under the Plan. Purchases of common shares under the Plan will be made by Computershare Trust Company of Canada, as agent under the Plan, in the secondary market in accordance with the provisions of the Plan. All brokerage commissions or service charges in connection with such purchases will be paid by the Bank.

About Scotiabank

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: “for every future,” we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at April 30, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on X @Scotiabank.

SOURCE The Bank of Nova Scotia

For further information:

Meny Grauman, Investor Relations, Scotiabank, meny.grauman@scotiabank.com

Rebecca Hoang, Investor Relations, Scotiabank, Rebecca.hoang@scotiabank.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 4.4 KB