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The Bank of Nova Scotia is a financial services provider providing a range of products and services, including personal, commercial, corporate and investment banking. Co. has four operating segments: Canadian Banking, which provides a suite of financial advice and banking solutions to Retail, Small Business and Commercial Banking customers; International Banking, which is a franchise with Retail, Corporate and Commercial customers; Global Wealth Management, which is focused on delivering wealth management advice and solutions; and Global Banking and Markets, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. According to our BNS split history records, Bank of Nova Scotia Halifax has had 2 splits.
BNS split history picture
Bank of Nova Scotia Halifax (BNS) has 2 splits in our BNS split history database. The first split for BNS took place on May 10, 2001. This was a 1 for 5 reverse split, meaning for each 5 shares of BNS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. BNS's second split took place on April 29, 2004. This was a 2 for 1 split, meaning for each share of BNS owned pre-split, the shareholder now owned 2 shares. For example, a 200 share position pre-split, became a 400 share position following the split.

When a company such as Bank of Nova Scotia Halifax splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Bank of Nova Scotia Halifax conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the BNS split history from start to finish, an original position size of 1000 shares would have turned into 400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bank of Nova Scotia Halifax shares, starting with a $10,000 purchase of BNS, presented on a split-history-adjusted basis factoring in the complete BNS split history. BNS split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/25/2014
End date: 06/21/2024
Start price/share: $66.15
End price/share: $45.12
Starting shares: 151.17
Ending shares: 246.97
Dividends reinvested/share: $26.27
Total return: 11.43%
Average Annual Total Return: 1.09%
Starting investment: $10,000.00
Ending investment: $11,144.72
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/25/2014
End date: 06/21/2024
Start price/share: $66.15
End price/share: $45.12
Dividends collected/share: $26.27
Total return: 7.92%
Average Annual Total Return: 0.76%
Starting investment: $10,000.00
Ending investment: $10,786.30
Years: 10.00
Date Ratio
05/10/20011 for 5
04/29/20042 for 1
BNS is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: BNS shares outstanding history

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