National Bank of Canada (TSE:NA) announced a quarterly dividend on Friday, December 1st, RTT News reports. Investors 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 dividend yield of 3.77%. The ex-dividend date is Friday, December 22nd. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.58.

Shares of National Bank of Canada (TSE:NA) opened at C$63.72 on Friday. National Bank of Canada has a 52-week low of C$51.41 and a 52-week high of C$64.39.

Several brokerages have commented on NA. Canaccord Genuity raised their target price on shares of 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 shares of 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 shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “market perform” rating in a report on Thursday, August 31st. TD Securities raised their target price on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “hold” rating in a report on Thursday, August 31st. Finally, Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$64.50.

In other news, Director Louis Vachon sold 100,000 shares of National Bank of Canada stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of C$64.18, for a total value of C$6,418,000.00. Also, Director Richard Fortin acquired 5,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was acquired at an average price of C$57.90 per share, for a total transaction of C$289,500.00. Over the last quarter, insiders bought 16,900 shares of company stock worth $988,018 and sold 251,872 shares worth $15,979,701.

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About National Bank of Canada

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

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