Bank of Nova Scotia (BNS) reported strong Q2 fiscal 2026 results, beating earnings and revenue expectations with adjusted EPS of $1.47 USD and revenue of $7.17 billion. The bank raised its quarterly dividend by 0.04 CAD to 1.14 CAD per share, with earnings growth across all key segments including Canadian Banking (+53%), Global Wealth Management (+19%), and improved credit quality. Shares hit a new 52-week high, trading up 0.75% at $81.00.

Scotiabank announced a dividend increase of $0.04 per share to $1.14 per share on its outstanding common shares, payable on July 29, 2026. The bank also noted it has discontinued issuing new common shares from treasury under its Shareholder Dividend and Share Purchase Plan, with future share purchases to be made on the secondary market.

Canadian Banc Corp. corrected its May dividend declaration, revising the Class A share dividend from $0.18588 to $0.16900 per share due to an unadjusted VWAP calculation that failed to account for a May 19 Class A share split (1.1 for 1). The corrected dividend is payable June 10, 2026 to shareholders of record as of May 29, 2026. Preferred shareholders will receive $0.04958 per share.

JPMorgan Chase has maintained a 14-year dividend increase streak with two increases totaling 20% in 2025, and strong Q1 2026 results showing 13% revenue growth. However, the stock appears expensive with a P/B ratio of 2.3x versus its 5-year average of 1.8x and a yield of just 2%, below the banking sector average. The article notes the current streak follows a dividend cut during the Great Recession and suggests Bank of Nova Scotia may be a better option for income investors seeking higher yield.

Financial 15 Split Corp. announced a 10-for-100 share split of its Class A shares effective May 19, 2026, subject to TSX approval. The split will result in approximately 10% increase in total distributions through additional share issuance, with monthly distributions remaining at $0.12570 per share. The company invests in a portfolio of major North American financial services companies.

Canadian Banc Corp. announced a share split of its Class A shares (10 additional shares per 100 held) effective May 19, 2026, subject to TSX approval. The company will maintain its 15% annualized monthly cash distribution target. The company invests primarily in six Canadian banks and employs a covered call writing strategy to enhance returns.

The article recommends three high-yield dividend stocks suitable for long-term buy-and-hold investors: Bank of Nova Scotia (4.6% yield, 150+ years of dividend payments), Realty Income (5.2% yield, 31 consecutive years of dividend increases), and Enterprise Products Partners (5.7% yield, 27 consecutive years of distribution increases). All three companies are praised for their conservative business models and reliable dividend track records through market cycles.

The Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) reported strong 2025 results with net assets increasing by $47.04 million to $130.48 million. The fund distributed $8.67 million in cash distributions to unitholders and generated $48.96 million in income including net gains on investments.

North American Financial 15 Split Corp. declared its regular monthly distributions of $0.11335 per Class A share (annualized $1.3602) and $0.06250 per Preferred share (annualized $0.750), payable April 10, 2026. Since inception, Class A shareholders have received $18.99 per share and Preferred shareholders $12.74 per share.

Dividend 15 Split Corp. declares monthly distributions of $0.10000 per Class A share and $0.05833 per Preferred share, payable April 10, 2026. The fund invests in a portfolio of 14 leading Canadian dividend-yielding stocks. Since inception, Class A shareholders have received $29.00 per share and Preferred shareholders $11.93 per share.

Prime Dividend Corp. declared monthly distributions of $0.09817 per Class A share and $0.05667 per Preferred share, payable April 10, 2026. Class A shareholders maintain a stable 10% yield based on volume-weighted average market price, while Preferred shareholders receive Prime plus 2.35% (5-8% range). The company invests in a portfolio of high-yielding Canadian companies including major banks, insurers, and utilities.

Canadian Banc Corp. declared monthly distributions of $0.18138 per Class A share and $0.04958 per Preferred share, payable April 10, 2026. Class A shareholders maintain a stable 15% annualized yield based on VWAP, while the company continues its strategy of investing in six major Canadian banks and employing selective covered call writing to generate additional returns.