National Bank of Canada (TSE:NA) Declares Dividend Increase – $0.71 Per Share

National Bank of Canada (TSE:NA) announced a quarterly dividend on Wednesday, December 4th, RTT News reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.71 per share by the financial services provider on Saturday, February 1st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.68.

Shares of TSE:NA opened at C$71.98 on Wednesday. The stock has a market cap of $23.48 billion and a PE ratio of 11.63. The company’s fifty day moving average is C$69.00 and its 200 day moving average is C$64.57. National Bank of Canada has a 52 week low of C$54.37 and a 52 week high of C$71.15.

In other National Bank of Canada news, Senior Officer Dominique Fagnoule sold 14,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$65.13, for a total value of C$911,820.00.

NA has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of National Bank of Canada from C$69.00 to C$66.00 in a research report on Thursday, August 29th. Scotiabank lifted their price objective on National Bank of Canada from C$71.00 to C$72.00 in a report on Wednesday, November 20th. TD Securities boosted their target price on National Bank of Canada from C$64.00 to C$65.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Canaccord Genuity increased their target price on National Bank of Canada from C$66.00 to C$68.50 in a report on Monday, November 25th. Finally, CSFB lowered National Bank of Canada from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from C$64.00 to C$62.00 in a research report on Friday, September 6th.

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 (TSE:NA)

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