National Bank of Canada (OTCMKTS:NTIOF) Plans $0.85 Dividend

Key Points

• The National Bank of Canada declared a dividend of $0.85 per share, with an ex-dividend date of September 29th and payment scheduled for November 1st.
• The bank reported Q3 earnings of $1.95 EPS, missing estimates of $1.98, while its revenue was $2.49 billion, below expectations of $3.47 billion.
• Currently, the bank's stock has a market cap of $42.78 billion and a price-to-earnings ratio of 14.88, reflecting its strong presence in the financial services sector.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) declared a dividend on Saturday, September 20th, investing.com reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.8531 per share by the financial services provider on Saturday, November 1st. This represents a yield of 313.0%. The ex-dividend date of this dividend is Monday, September 29th.

National Bank of Canada Price Performance

NTIOF traded down $0.45 during midday trading on Tuesday, hitting $109.72. 1,535 shares of the company traded hands, compared to its average volume of 69,222. The business has a 50 day simple moving average of $106.37 and a two-hundred day simple moving average of $96.20. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $43.02 billion, a price-to-earnings ratio of 14.97 and a beta of 0.98. National Bank of Canada has a 52-week low of $74.21 and a 52-week high of $110.28.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its earnings results on Wednesday, August 27th. The financial services provider reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03). The firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. National Bank of Canada had a return on equity of 16.05% and a net margin of 15.34%. On average, equities analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

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.