National Bank of Canada (OTCMKTS:NTIOF) Announces Dividend Increase – $0.86 Per Share

National Bank of Canada (OTCMKTS:NTIOF) declared a dividend on Saturday, June 21st, investing.com reports. Shareholders of record on Tuesday, July 1st will be paid a dividend of 0.8578 per share by the financial services provider on Friday, August 1st. This represents a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, June 30th. This is a 7.6% increase from National Bank of Canada’s previous dividend of $0.80.

National Bank of Canada Price Performance

Shares of OTCMKTS NTIOF opened at $98.53 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.76. National Bank of Canada has a 1-year low of $74.21 and a 1-year high of $100.53. The company has a market capitalization of $38.58 billion, a price-to-earnings ratio of 13.03 and a beta of 1.01. The business has a 50-day moving average of $91.97 and a 200-day moving average of $88.95.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.29. National Bank of Canada had a return on equity of 16.83% and a net margin of 18.73%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $3.33 billion. On average, equities analysts anticipate that National Bank of Canada will post 7.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. National Bankshares lowered shares of National Bank of Canada from a “speculative buy” rating to an “underperform” rating in a report on Friday, April 4th. CIBC restated an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Cibc World Mkts downgraded National Bank of Canada from a “hold” rating to a “strong sell” rating in a report on Friday, April 4th. Finally, Scotiabank raised shares of National Bank of Canada to a “strong-buy” rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, National Bank of Canada has an average rating of “Hold”.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.