Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) announced a quarterly dividend on Tuesday, May 28th, Zacks reports. Investors of record on Tuesday, July 2nd will be given a dividend of 0.65 per share by the bank on Monday, July 29th. This represents a $2.60 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, June 28th.
Bank of Nova Scotia has increased its dividend by an average of 5.0% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.
BNS traded up $0.33 during trading on Thursday, reaching $53.24. 541,163 shares of the company traded hands, compared to its average volume of 738,886. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $64.73 billion, a P/E ratio of 9.79, a P/E/G ratio of 2.01 and a beta of 1.15. Bank of Nova Scotia has a 12-month low of $48.34 and a 12-month high of $60.60. The business’s fifty day simple moving average is $53.29.
BNS has been the topic of several research reports. Zacks Investment Research lowered HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Barclays raised Encompass Health from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $77.75.
About Bank of Nova Scotia
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.
Featured Article: Marijuana Stocks Investing Considerations
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.