The Bank of Nova Scotia (TSE:BNS) Declares Quarterly Dividend of $1.06

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Monday, April 1st, RTT News reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 1.06 per share by the bank on Friday, April 26th. This represents a $4.24 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Monday, April 1st.

Bank of Nova Scotia Stock Performance

BNS opened at C$70.07 on Friday. The business’s 50-day simple moving average is C$65.03 and its 200 day simple moving average is C$62.40. The firm has a market capitalization of C$85.49 billion, a PE ratio of 11.47, a PEG ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 52-week low of C$55.20 and a 52-week high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share for the quarter, beating the consensus estimate of C$1.61 by C$0.08. Bank of Nova Scotia had a net margin of 26.75% and a return on equity of 10.20%. The business had revenue of C$8.43 billion during the quarter, compared to analysts’ expectations of C$8.12 billion. On average, research analysts forecast that Bank of Nova Scotia will post 6.5794033 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BNS has been the subject of a number of research analyst reports. National Bankshares lifted their price target on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. CIBC decreased their target price on Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. TD Securities raised their price target on Bank of Nova Scotia from C$64.00 to C$65.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Desjardins upped their price objective on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, BMO Capital Markets raised their target price on shares of Bank of Nova Scotia from C$66.00 to C$69.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$66.66.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.