TORONTO, ONTARIO - March 3, 2015 /CNW/ - Scotiabank (TSX:BNS) (NYSE:BNS) today announced a dividend on the outstanding shares of the Bank for the quarter ending April 30, 2015, as follows, payable on April 28, 2015 to shareholders of record at the close of business on April 7, 2015:

Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank's Shareholder Dividend and Share Purchase Plan (the "Plan"). As previously announced, until such time as the Bank elects otherwise, the Bank has discontinued issuances of common shares from treasury under the Plan. Purchases of common shares under the Plan will be made by Computershare Trust Company of Canada, as agent under the Plan, in the secondary market at the Average Market Price (as defined in the Plan). All brokerage commissions or service charges in connection with such purchases will be paid by the Bank.