National Bank of Canada (TSE:NA) announced a quarterly dividend on Friday, December 1st, RTT News reports. Shareholders of record on Wednesday, December 27th will be paid a dividend of 0.60 per share by the financial services provider on Thursday, February 1st. This represents a $2.40 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, December 22nd. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58.

Shares of National Bank of Canada (NA) opened at C$63.21 on Thursday. National Bank of Canada has a one year low of C$51.41 and a one year high of C$64.39.

In related news, insider Dominique Fagnoule sold 14,200 shares of National Bank of Canada stock in a transaction on Friday, December 8th. The stock was sold at an average price of C$64.20, for a total transaction of C$911,640.00. Also, Director Louis Vachon sold 100,000 shares of National Bank of Canada stock in a transaction on Friday, December 8th. The stock was sold at an average price of C$64.18, for a total value of C$6,418,000.00. Over the last quarter, insiders have purchased 11,900 shares of company stock worth $698,518 and have sold 245,872 shares worth $15,651,761.

A number of research analysts have recently weighed in on NA shares. Royal Bank of Canada raised their target price on National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Canaccord Genuity raised their target price on National Bank of Canada from C$62.00 to C$66.00 in a report on Wednesday, November 1st. CIBC raised their target price on National Bank of Canada from C$62.00 to C$68.00 in a report on Monday, November 13th. BMO Capital Markets raised their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “market perform” rating in a report on Thursday, August 31st. Finally, Desjardins raised their target price on National Bank of Canada from C$62.00 to C$64.00 in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. National Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$64.50.

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About National Bank of Canada

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

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