Bank of Nova Scotia (TSE:BNS) Announces $0.87 Quarterly Dividend

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) announced a quarterly dividend on Tuesday, May 28th, RTT News reports. Investors of record on Tuesday, July 2nd will be given a dividend of 0.87 per share by the bank on Monday, July 29th. This represents a $3.48 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Friday, June 28th.

BNS traded up C$0.30 during trading on Thursday, reaching C$69.37. 1,117,342 shares of the company traded hands, compared to its average volume of 2,650,973. The stock has a market capitalization of $83.47 billion and a P/E ratio of 10.36. Bank of Nova Scotia has a 12-month low of C$66.36 and a 12-month high of C$78.60. The business’s fifty day simple moving average is C$70.39.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, May 28th. The bank reported C$1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.74 by C($0.04). The company had revenue of C$7.80 billion during the quarter, compared to the consensus estimate of C$7.86 billion. Sell-side analysts anticipate that Bank of Nova Scotia will post 7.6200001 EPS for the current year.

A number of research firms recently commented on BNS. TD Securities lifted their target price on NFI Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a report on Wednesday, May 29th. CSFB set a C$81.00 price objective on Toronto-Dominion Bank and gave the company an “outperform” rating in a research report on Thursday, May 16th. BMO Capital Markets boosted their price objective on NFI Group from C$33.00 to C$36.00 in a research report on Wednesday, May 29th. Citigroup dropped their price target on Royal Bank of Canada from C$125.00 to C$120.00 in a research report on Thursday, June 27th. Finally, CIBC boosted their price target on NFI Group from C$43.00 to C$45.00 in a research report on Wednesday, May 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of C$81.00.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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Dividend History for Bank of Nova Scotia (TSE:BNS)

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