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Did This High-Yield Stock Just Change the Playing Field?
BNSThe Bank of Nova Scotia(BNS) The Motley Fool·2024-09-07 22:54

With a 6% dividend yield and a 150-year-plus history of paying dividends, this high-yield bank is looking to change the game it's playing. The average bank has a dividend yield of around 2.5%, using the SPDR S&P Bank ETF (NYSEMKT: KBE) as an industry proxy. What if you could own a bank with a yield of 6.1%? What if it was conservatively run, had a strong core business, and was a reliable dividend payer? You would probably jump at the chance to own a high-yield bank like that. No problem -- you can buy Bank ...