Bank of Nova Scotia expands buyback of Bank of Nova Scotia stock

Bank of Nova Scotia stock stood at EUR 79.86 at Lang & Schwarz on October 7, 2026 at 2:59 p.m. CEST, with a minus 0.26 percent change versus the prior close of EUR 80.07. Simply Wall St reports that the bank received approval to expand its normal course issuer bid from 15 million to 40 million common shares for cancellation.

Buyback reaches 40 million shares

The larger authorization gives Bank of Nova Scotia more capacity to return capital through share repurchases. If fully used, the program would reduce the share count and could increase the proportion of future earnings and dividends attributable to remaining shares, although it also commits capital that could otherwise support balance sheet growth.

The buyback comes after a strong third quarter. According to Simply Wall St, revenue rose 12.00 percent to CAD 9.46 billion in the third quarter of 2026, while diluted earnings per share increased to CAD 2.27 from CAD 1.84 in the third quarter of 2025.

Quarterly dividend remains CAD 1.14

Capital returns extend beyond the buyback. Simply Wall St reports that Bank of Nova Scotia declared a CAD 1.14 per share dividend, with payment scheduled for October 28, 2026, to shareholders of record after October 6, 2026. The combination of a larger repurchase authorization and a recurring dividend puts capital allocation at the center of the current equity story.

Price stays below prior close

The Lang & Schwarz indication stood at EUR 79.86 on October 7, 2026 at 2:59 p.m. CEST, compared with a prior close of EUR 80.07 and a daily change of minus 0.26 percent. The further course of trading is shown by the continuously updated real-time quote of Bank of Nova Scotia stock.

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