Bank of Nova Scotia (BNS) To Go Ex-Dividend on September 30th
Bank of Nova Scotia (TSE:BNS) declared a quarterly dividend on Tuesday, August 30th. Shareholders of record on Tuesday, October 4th will be paid a dividend of 0.74 per share on Thursday, October 27th. This represents a $2.96 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, September 30th. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.72.
Bank of Nova Scotia (TSE:BNS) opened at 70.77 on Thursday. The company has a market cap of $85.26 billion and a P/E ratio of 12.53. The firm has a 50-day moving average price of $69.01 and a 200 day moving average price of $65.43. Bank of Nova Scotia has a 12 month low of $51.17 and a 12 month high of $71.26.
A number of brokerages have weighed in on BNS. National Bank Financial raised their target price on Bank of Nova Scotia from C$64.00 to C$66.00 in a report on Wednesday, June 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$72.00 target price on shares of Bank of Nova Scotia in a report on Wednesday, June 1st. Barclays PLC raised their target price on Bank of Nova Scotia from C$51.00 to C$55.00 in a report on Wednesday, June 1st. Scotiabank raised their target price on Bank of Nova Scotia from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Wednesday, June 1st. Finally, Citigroup Inc. raised their target price on Bank of Nova Scotia from C$70.00 to C$76.00 in a report on Wednesday, September 14th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Bank of Nova Scotia has a consensus rating of “Buy” and a consensus target price of C$73.29.
In related news, Director Brian J. Porter sold 25,176 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$70.17, for a total transaction of C$1,766,599.92.
About Bank of Nova Scotia
The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.
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