A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fifth of five financial services sector stocks poised to join my Volio folio this week. This could be my fortieth pick for Volio!

That financial sector includes twenty industries ranging from Asset Management, to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

My subject today is a large cap diversified bank named, Bank of Nova Scotia. Its trading ticker symbol is BNS. This is my first report on Bank of Nova Scotia (BNS) for this Volio portfolio.

The Bank of Nova Scotia is known as Canada's "international bank" and is a global financial services provider.

The bank has three business segments: Canadian banking, international banking, and global banking and markets. It is the third- largest bank in Canada.

The bank's international operations span numerous countries and are more concentrated in Central and South America.

The company operates a network of 950 branches and approximately 3,650 automated banking machines in Canada, and approximately 1,900 branches and 5,500 ATMs internationally, as well as contact centers.

The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

I use three key data points to gauge dividend equities or funds like The Bank of Nova Scotia:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

BNS Price

BNS's price per share closed at $43.73 yesterday. A year ago their price was $52.10. Price fell $8.37 or a little over 19% last year.

Assuming BNS's stock trades in the range of $20 to $60 this next year, its recent $43.73 price might rise by $2.27 to reach $46.00 by June 5, 2021.

BNS Dividends

BNS's most recent declared quarterly dividend was $0.653 payable July 29th. That $0.653 Q dividend equates to $2.61 annually and yields 5.97% at yesterday's $43.73 share price.

BNS Gains?

Adding the $2.61 annual estimated dividend to my $2.27 optimistic estimate of Bank of Nova Scotia's price upside shows a $4.88 potential gross gain, per share, to be reduced by any costs to trade the shares.

Put little over $1,000.00 today in The Bank of Nova Scotia shares at their $47.73 price, buys 21 shares of BNS stock.

A $10 broker fee paid half at purchase and half at sale could cost about $0.48 per share.

Subtract that $0.48 brokerage cost from my estimated $4.88 gross gain per share results in a net gain of $4.40 X 21 shares = $92.40 for a 9.2% net gain on a $1,002.33 investment.

The Bank of Nova Scotia (BNS) shows a possible 9.2% net gain including a 5.97% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if The Bank of Nova Scotia(BNS) is worth it.