Scotiabank raises division notwithstanding reduce profit

The Bank of Nova Scotia lifted a division even as it reported a third-quarter distinction slipped compared with a year ago, partially due to a strike from acquisition-related costs.

The bank says it will lift a quarterly division by 3 cents to 85 cents per share.

The boost came as Scotiabank reported a third-quarter distinction of $1.94 billion or $1.55 per diluted share, down from $2.10 billion or $1.66 per diluted share a year ago.

During a quarter, Scotiabank says it available about $320 million in acquisition-related costs after tax.

On an practiced basis, a Scotiabank says it warranted $2.26 billion or $1.76 per diluted share in a quarter, adult from $2.12 billion or $1.68 per diluted share a year ago.

Analysts had approaching a distinction of $1.75 per share, according to Thomson Reuters Eikon.

Article source: https://www.cbc.ca/news/business/scotiabank-raises-dividend-despite-lower-profit-1.4801509?cmp=rss