National Bank of Canada (OTCMKTS:NTIOF) Declares Dividend Increase - $0.86 Per Share

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) announced 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 dividend yield of 3.48%. The ex-dividend date of this dividend 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 Stock Down 0.2%

Shares of OTCMKTS:NTIOF opened at $98.53 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $91.97 and a 200 day simple moving average of $89.06. The firm has a market cap of $38.58 billion, a PE ratio of 13.03 and a beta of 1.01. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $100.53.

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 the consensus estimate of $1.71 by $0.29. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.33 billion. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. On average, equities research analysts anticipate that National Bank of Canada will post 7.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on NTIOF shares. Cibc World Mkts lowered National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. Scotiabank upgraded National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Cormark lowered shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, 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. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.

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