National Bank of Canada (OTCMKTS:NTIOF) Raises Dividend to $0.54 Per Share

National Bank of Canada (OTCMKTS:NTIOF) declared a quarterly dividend on Wednesday, December 4th, Zacks reports. Investors of record on Monday, December 30th will be paid a dividend of 0.535 per share by the financial services provider on Saturday, February 1st. This represents a $2.14 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.51.

Shares of NTIOF stock traded up $0.91 during trading hours on Friday, hitting $55.38. The company’s stock had a trading volume of 7,875 shares, compared to its average volume of 9,036. The company has a 50 day moving average of $52.38 and a 200 day moving average of $48.79. The stock has a market cap of $18.20 billion, a PE ratio of 11.40 and a beta of 1.28. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. National Bank of Canada has a 12-month low of $39.85 and a 12-month high of $55.38.

NTIOF has been the subject of several recent research reports. CIBC reissued a “hold” rating and set a $73.00 target price on shares of National Bank of Canada in a report on Thursday, November 21st. Zacks Investment Research raised National Bank of Canada from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Thursday, September 19th. Finally, ValuEngine lowered National Bank of Canada from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. National Bank of Canada has a consensus rating of “Hold” and a consensus target price of $63.67.

National Bank of Canada Company Profile

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

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

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