National Bank of Canada (OTCMKTS:NTIOF) Raises Dividend to $0.72 Per Share

National Bank of Canada (OTCMKTS:NTIOFGet Rating) announced a dividend on Friday, June 17th, investing.com reports. Stockholders of record on Monday, June 27th will be paid a dividend of 0.721 per share by the financial services provider on Monday, August 1st. This represents a dividend 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.

OTCMKTS:NTIOF opened at $65.98 on Friday. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 8.97 and a beta of 1.12. National Bank of Canada has a 1-year low of $65.98 and a 1-year high of $88.09. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $72.85 and its 200 day moving average price is $76.22.

National Bank of Canada (OTCMKTS:NTIOFGet Rating) last issued its earnings results on Friday, May 27th. The financial services provider reported $2.00 earnings per share for the quarter. National Bank of Canada had a return on equity of 21.15% and a net margin of 29.61%. The company had revenue of $1.92 billion for the quarter.

A number of research analysts have recently commented on the company. National Bank Financial increased their price objective on National Bank of Canada from C$109.00 to C$110.00 in a report on Monday, February 28th. Desjardins reduced their price objective on 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. Scotiabank dropped their price target on National Bank of Canada from C$108.00 to C$106.00 and set an “outperform” rating for the company in a report on Friday, May 20th. CIBC lifted their target price on National Bank of Canada from C$100.00 to C$102.00 in a research note on Tuesday, May 31st. Finally, Credit Suisse Group lifted their target price on National Bank of Canada from C$106.00 to C$111.00 in a report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.27.

National Bank of Canada Company Profile (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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