National Bank of Canada (TSE:NA) Announces $0.71 Quarterly Dividend
National Bank of Canada (TSE:NA) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Monday, March 30th will be given a dividend of 0.71 per share by the financial services provider on Friday, May 1st. This represents a $2.84 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Friday, March 27th.
NA stock opened at C$51.44 on Thursday. The firm’s fifty day simple moving average is C$64.19 and its 200-day simple moving average is C$68.22. The company has a market capitalization of $14.43 billion and a P/E ratio of 7.90. National Bank of Canada has a 12 month low of C$38.67 and a 12 month high of C$75.01.
National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported C$1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.65 by C$0.05. The firm had revenue of C$1.92 billion for the quarter, compared to analysts’ expectations of C$1.97 billion. As a group, equities analysts forecast that National Bank of Canada will post 6.9299996 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. Scotiabank upped their price objective on shares of National Bank of Canada from C$79.00 to C$80.00 in a research report on Friday, February 28th. Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Canaccord Genuity upped their price objective on shares of National Bank of Canada from C$68.50 to C$72.50 in a research report on Thursday, December 5th. CSFB reduced their price objective on shares of National Bank of Canada from C$70.00 to C$69.00 in a research report on Thursday, March 5th. Finally, TD Securities upgraded shares of National Bank of Canada from a “hold” rating to a “buy” rating and reduced their price objective for the stock from C$67.00 to C$53.00 in a research report on Friday, March 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$68.65.
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.
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