The Bank of Nova Scotia (TSE:BNS) Declares Quarterly Dividend of $1.10

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS declared a quarterly dividend on Wednesday, July 2nd, TickerTech Dividends reports. Stockholders of record on Tuesday, July 29th will be given a dividend of 1.10 per share by the bank on Tuesday, July 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Wednesday, July 2nd. This is a 3.8% increase from Bank of Nova Scotia's previous quarterly dividend of $1.06.

Bank of Nova Scotia Stock Up 0.2%

Shares of TSE:BNS traded up C$0.14 on Monday, hitting C$75.30. The company had a trading volume of 10,606,440 shares, compared to its average volume of 4,941,101. The firm has a market capitalization of C$92.28 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.33 and a beta of 0.97. The firm's 50-day simple moving average is C$71.74 and its two-hundred day simple moving average is C$71.75. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14.

Analyst Ratings Changes

BNS has been the subject of a number of research reports. UBS Group reduced their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. Bank of America cut shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from C$82.00 to C$70.00 in a research note on Monday, March 31st. CIBC increased their price target on Bank of Nova Scotia from C$75.00 to C$77.00 in a report on Thursday, May 22nd. National Bankshares raised their price target on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 28th. Finally, Canaccord Genuity Group lifted their price target on shares of Bank of Nova Scotia from C$80.00 to C$81.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$77.31.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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