Bank of Nova Scotia (BNS) to Issue C$0.74 Quarterly Dividend
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, November 29th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of 0.74 per share on Friday, January 27th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.02%.
Bank of Nova Scotia (TSE:BNS) opened at 73.70 on Wednesday. The firm has a market capitalization of $88.79 billion and a PE ratio of 13.05. The stock’s 50 day moving average is $71.45 and its 200-day moving average is $67.85. Bank of Nova Scotia has a one year low of $51.17 and a one year high of $74.31.
In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of C$70.17, for a total value of C$1,766,599.92.
A number of brokerages have recently issued reports on BNS. Barclays PLC upped their price objective on shares of Bank of Nova Scotia from C$66.00 to C$68.00 and gave the company an “equal weight” rating in a research note on Tuesday. CSFB reaffirmed a “neutral” rating and issued a C$78.00 price objective on shares of Bank of Nova Scotia in a research note on Tuesday, November 15th. Keefe, Bruyette & Woods upped their price objective on shares of Bank of Nova Scotia from C$60.00 to C$64.00 in a research note on Thursday, August 18th. Desjardins upped their price objective on shares of Bank of Nova Scotia from C$71.00 to C$73.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Finally, National Bank Financial upped their price objective on shares of Bank of Nova Scotia from C$66.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$74.43.
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Bank of Nova Scotia Company Profile
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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