BNS 5yr+2.43% Reset Preferred (BNS.PR.I-T)

Our PAST TOP PICK with BNS.PR.I has achieved its $25 target as the preferred shares were redeemed at their par value by the issuer.   

Our PAST TOP PICK with BNS.PR.I has achieved its target at $25.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $17) to $22.  

We again reiterate this preferred share as a TOP PICK.  The dividend will reset January 2024 at the prevailing BofC 5 year bond yield rate + 2.43% -- which would reset around 5.9%.   It has an attractive current yield and a very high credit rating (Pfd-2H).  We continue to recommend maintaining a stop at $17, looking to achieve $25 -- upside potential over 20%.  Yield 5.9%

We reiterate this preferred share, BNS.PR.I, as a TOP PICK.  The dividend will reset January 2024 at the prevailing BofC 5 year bond yield rate + 2.43% -- which would reset at 5.9%.   It has an attractive current yield and a very high credit rating (Pfd-2H).  We recommend setting a stop-loss at $17, looking to achieve $25 -- upside potential of 21%.  Yield 5.9%

This preferred share from BNS will have its dividend reset January 2024 at the prevailing BofC 5 year bond yield rate + 2.43% -- would reset at 5.9%.   It has an attractive current yield and a very high credit rating (Pfd-2H).  We recommend setting a stop-loss at $17, looking to achieve $25 -- upside potential of 21%.  Yield 5.9%