National Bank of Canada (TSE:NA) announced a quarterly dividend on Wednesday, August 29th, RTT News reports. Investors of record on Monday, September 24th will be given a dividend of 0.62 per share by the financial services provider on Thursday, November 1st. This represents a $2.48 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Friday, September 21st.

TSE:NA opened at C$64.72 on Friday. National Bank of Canada has a twelve month low of C$57.38 and a twelve month high of C$65.95.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 29th. The financial services provider reported C$1.53 earnings per share for the quarter, beating the consensus estimate of C$1.49 by C$0.04. The business had revenue of C$1.79 billion for the quarter, compared to analysts’ expectations of C$1.76 billion. National Bank of Canada had a net margin of 30.45% and a return on equity of 18.84%.

NA has been the subject of several recent research reports. Royal Bank of Canada raised their price objective on National Bank of Canada from C$71.00 to C$73.00 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Eight Capital raised their price objective on National Bank of Canada from C$68.00 to C$70.00 in a research report on Thursday, May 31st. Canaccord Genuity lowered National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 price objective for the company. in a research report on Thursday, August 30th. CIBC lowered their price objective on National Bank of Canada from C$69.00 to C$67.00 in a research report on Monday, June 11th. Finally, Barclays raised their price objective on National Bank of Canada from C$65.00 to C$67.00 in a research report on Thursday, May 31st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$68.36.

In other news, Director Louis Vachon sold 12,200 shares of National Bank of Canada stock in a transaction dated Monday, September 10th. The stock was sold at an average price of C$65.04, for a total value of C$793,488.00. Also, insider Alain Legris sold 700 shares of National Bank of Canada stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of C$64.71, for a total value of C$45,297.00. In the last ninety days, insiders sold 31,000 shares of company stock valued at $2,015,466.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Recommended Story: How is an ETF different from a mutual fund?

Dividend History for National Bank of Canada (TSE:NA)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.