National Bank of Canada (OTCMKTS:NTIOF) to Issue Dividend Increase – $0.72 Per Share

National Bank of Canada (OTCMKTS:NTIOFGet Rating) announced a dividend on Friday, June 17th, investing.com reports. Investors of record on Monday, June 27th will be given a dividend of 0.721 per share by the financial services provider on Monday, August 1st. This represents a yield of 4.37%. The ex-dividend date is Friday, June 24th. This is an increase from National Bank of Canada’s previous dividend of $0.68.

NTIOF stock opened at $67.40 on Thursday. The company has a market cap of $22.67 billion, a P/E ratio of 8.77 and a beta of 1.12. National Bank of Canada has a 52 week low of $65.59 and a 52 week high of $88.09. The company’s 50-day moving average price is $72.22 and its 200 day moving average price is $75.98. The company has a current ratio of 0.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04.

National Bank of Canada (OTCMKTS:NTIOFGet Rating) last released its quarterly earnings data on Friday, May 27th. The financial services provider reported $2.00 EPS for the quarter. The firm had revenue of $1.92 billion for the quarter. National Bank of Canada had a net margin of 29.61% and a return on equity of 20.73%.

Several brokerages have issued reports on NTIOF. Scotiabank reduced their price target on shares of National Bank of Canada from C$108.00 to C$106.00 and set an “outperform” rating on the stock in a report on Friday, May 20th. Stifel Nicolaus reduced their price target on shares of National Bank of Canada from C$118.00 to C$117.00 in a report on Friday, April 8th. CIBC upped their price target on shares of National Bank of Canada from C$100.00 to C$102.00 in a report on Tuesday, May 31st. Desjardins cut their price objective on shares of National Bank of Canada from C$104.00 to C$103.00 and set a “hold” rating for the company in a research report on Tuesday, May 31st. Finally, Credit Suisse Group boosted their price objective on shares of National Bank of Canada from C$106.00 to C$111.00 in a research report on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and a consensus price target of $106.27.

About National Bank of Canada (Get Rating)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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Dividend History for National Bank of Canada (OTCMKTS:NTIOF)

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