National Bank of Canada (OTCMKTS:NTIOF) Announces Dividend of $0.86

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) declared a dividend on Saturday, June 21st, investing.com reports. Investors of record on Tuesday, July 1st will be paid a dividend of 0.8578 per share by the financial services provider on Friday, August 1st. This represents a yield of 3.48%. The ex-dividend date is Monday, June 30th. This is a 7.6% increase from National Bank of Canada's previous dividend of $0.80.

National Bank of Canada Price Performance

NTIOF traded up $0.90 during trading on Tuesday, reaching $99.98. The company's stock had a trading volume of 28,622 shares, compared to its average volume of 60,860. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $92.32 and a two-hundred day simple moving average of $88.99. National Bank of Canada has a 1 year low of $74.21 and a 1 year high of $100.62. The company has a market cap of $39.15 billion, a price-to-earnings ratio of 13.22 and a beta of 1.01.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.29. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.33 billion. As a group, analysts anticipate that National Bank of Canada will post 7.63 EPS for the current year.

Analyst Upgrades and Downgrades

NTIOF has been the topic of a number of research reports. National Bankshares lowered shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Cibc World Mkts lowered shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. Finally, CIBC restated an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

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.