#2 – Bank of Nova Scotia
I first recommended the The Bank of Nova Scotia (NYSE: BNS) in my Intelligence Report advisory service on May 13, 2009. If you would have bought shares the next day, you would be up 79% — and with a 3.6% yield and good momentum, I expect those gains to keep on coming.
The breakout in BNS shares of about 9% since September 1 is a bullish signal, especially when you consider that many U.S. financial blue chips like Bank of America Corporation (NYSE: BAC) are significantly in the red despite this September rally.
See also: When Is it Time to Sell a Dividend Stock?