National Bank of Canada (TSE:NA) to Issue Quarterly Dividend of $1.18

Key Points

• The National Bank of Canada declared a quarterly dividend of $1.18 per share, with payments scheduled for November 1st to investors recorded by September 29th.
• As of the latest trading, the stock price decreased by 4.3% to C$143.89, with analysts adjusting price targets, some setting increases for the stock to as high as C$157.00.
• Currently, the consensus rating among analysts for National Bank of Canada is "Hold", with an average price target of C$142.08.

National Bank of Canada (TSE:NA - Get Free Report) declared a quarterly dividend on Wednesday, August 27th, RTT News reports. Investors of record on Monday, September 29th will be given a dividend of 1.18 per share by the financial services provider on Saturday, November 1st. This represents a c) annualized dividend and a yield of 3.3%.

National Bank of Canada Price Performance

National Bank of Canada stock traded up C$0.95 during midday trading on Monday, hitting C$144.36. 1,755,403 shares of the company were exchanged, compared to its average volume of 1,833,626. The company's fifty day moving average price is C$144.13 and its 200-day moving average price is C$130.33. The company has a market cap of C$56.49 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 7.14 and a beta of 1.11. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$151.97.

About National Bank of Canada

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.