National Bank of Canada (TSE:NA) announced a quarterly dividend on Tuesday, May 26th, RTT News reports. Investors of record on Monday, June 29th will be paid a dividend of 0.71 per share by the financial services provider on Saturday, August 1st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, June 26th.
Shares of TSE:NA opened at C$61.98 on Thursday. National Bank of Canada has a 12 month low of C$38.67 and a 12 month high of C$75.01. The company’s 50-day moving average price is C$58.46 and its two-hundred day moving average price is C$63.38. The firm has a market cap of $20.93 billion and a P/E ratio of 10.31.
Several research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. TD Securities lowered shares of National Bank of Canada from a “buy” rating to a “hold” rating and set a C$63.00 price objective on the stock. in a research note on Thursday, June 4th. Scotiabank reduced their price objective on shares of National Bank of Canada from C$63.00 to C$60.00 in a research note on Friday, May 22nd. Canaccord Genuity reduced their price objective on shares of National Bank of Canada from C$72.50 to C$58.50 in a research note on Wednesday, May 20th. Finally, CSFB reduced their price objective on shares of National Bank of Canada from C$56.00 to C$55.00 in a research note on Friday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. National Bank of Canada presently has an average rating of “Hold” and an average price target of C$63.28.
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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