National Bank of Canada (NA) to Issue Quarterly Dividend of $1.10 on November 1st

National Bank of Canada (TSE:NA) announced a quarterly dividend on Tuesday, August 27th, RTT News reports. Investors of record on Monday, September 30th will be paid a dividend of 1.10 per share by the financial services provider on Friday, November 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, September 27th.

National Bank of Canada Trading Down 0.6 %

Shares of NA stock opened at C$126.67 on Wednesday. The firm has a market capitalization of C$43.12 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 17.04 and a beta of 1.12. The business’s 50-day moving average price is C$119.11 and its 200-day moving average price is C$114.68. National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$128.37.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The business had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. On average, sell-side analysts predict that National Bank of Canada will post 10.8549488 earnings per share for the current fiscal year.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest purchased 325 shares of the business’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of C$117.24 per share, for a total transaction of C$38,103.00. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

NA has been the subject of a number of recent research reports. UBS Group set a C$123.00 price objective on National Bank of Canada and gave the company a “buy” rating in a report on Tuesday, July 2nd. TD Securities lifted their price objective on National Bank of Canada from C$123.00 to C$129.00 in a research note on Thursday, August 29th. Scotiabank increased their target price on shares of National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. Royal Bank of Canada raised their price target on shares of National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. Finally, Cormark upped their price objective on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$122.64.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.