Bank of Nova Scotia (BNS) to Issue Quarterly Dividend of $0.79 on January 29th
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) announced a quarterly dividend on Tuesday, November 28th, RTT News reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.79 per share by the bank on Monday, January 29th. This represents a $3.16 annualized dividend and a yield of 3.84%. The ex-dividend date is Friday, December 29th.
Shares of Bank of Nova Scotia (TSE BNS) opened at C$82.29 on Friday. Bank of Nova Scotia has a 52 week low of C$73.31 and a 52 week high of C$85.50. The firm has a market capitalization of $98,680.00, a P/E ratio of 12.68 and a beta of 0.88.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. The business had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. During the same quarter in the previous year, the company earned $1.58 EPS.
In other news, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00. Also, insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Insiders have sold a total of 23,250 shares of company stock valued at $1,913,718 over the last ninety days.
A number of analysts have commented on BNS shares. Citigroup raised their price objective on Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Royal Bank of Canada raised their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 29th. Scotiabank reduced their price objective on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research report on Wednesday, November 29th. Canaccord Genuity raised their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Finally, CIBC raised their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. Eight research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$88.67.
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Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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