5 Bank Dividend Stocks to Diversify Your Portfolio

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1. The Bank of Nova Scotia (NYSE:BNS)

Number of Hedge Fund Holders: 17

Dividend Yield: 4.3%

The Bank of Nova Scotia (NYSE:BNS) is a Canadian bank operating through its Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. Analysts at Stifel have optimistic outlooks for the company, expecting an earnings growth of 6% over the next two years. As such, the company is among the most promising bank dividend stocks to diversify your portfolio.

Stifel’s Mike Rizvanovic holds a Buy rating on The Bank of Nova Scotia (NYSE:BNS) shares as well, as of this February

The earnings history for The Bank of Nova Scotia (NYSE:BNS) shows an EPS of $1.64 and revenue of $6.02 billion in the fiscal fourth quarter of 2021. The EPS beat estimates by $0.15.

Out of 867 hedge funds, 17 hedge funds were long The Bank of Nova Scotia (NYSE:BNS) in the third quarter, and 14 hedge funds were long the stock in the second quarter. Their total stake values were $193 million and $223 million, respectively.

See also 30 Most Religious Cities in the US and 10 Best Bank Stocks To Buy Now.

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