National Bank of Canada to Issue Quarterly Dividend of $0.46 (NTIOF)
National Bank of Canada (OTCMKTS:NTIOF) declared a quarterly dividend on Wednesday, August 30th, Zacks reports. Investors of record on Monday, September 25th will be given a dividend of 0.463 per share by the financial services provider on Wednesday, November 1st. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, September 22nd.
National Bank of Canada (OTCMKTS:NTIOF) opened at 45.593 on Thursday. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 12.246 and a beta of 1.27. The company has a 50 day moving average price of $44.18 and a 200-day moving average price of $42.06. National Bank of Canada has a 52-week low of $34.19 and a 52-week high of $46.10.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised National Bank of Canada from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, August 16th. Canaccord Genuity started coverage on National Bank of Canada in a research report on Tuesday, July 18th. They issued a “buy” rating for the company. Finally, Barclays PLC raised National Bank of Canada from an “equal weight” rating to an “overweight” rating and set a $59.00 target price for the company in a research report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.83.
About National Bank of Canada
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