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Why I Like Bank Of Nova Scotia As A Long Term Dividend Growth Stock

2015-01-06 01:05:57| Paper - Topix.net

With the financial crisis of 2008-2009 still lurking in the rear view mirror, most people would not think of a bank stock as a good place to put their money to get consistently growing dividends, and for good reason. Many of the "too big to fail" banks such as Goldman Sachs & Bank of America nearly went under and had to be bailed out by the U.S government, ultimately at the taxpayers' expense and most either eliminated or severely cut their dividend to free up cash flow.

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