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The Bank of Nova Scotia (TSE:BNS) Raises Dividend to $1.10 Per Share

Bank of Nova Scotia logo with Financial Services background

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS declared a quarterly dividend on Wednesday, July 2nd, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend 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 Price Performance

TSE BNS traded down C$0.02 on Thursday, reaching C$74.96. The company had a trading volume of 5,361,466 shares, compared to its average volume of 4,946,363. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The firm has a 50-day moving average of C$72.26 and a 200-day moving average of C$71.77. The firm has a market capitalization of C$91.86 billion, a PE ratio of 11.84, a P/E/G ratio of 1.33 and a beta of 0.97.

Analysts Set New Price Targets

BNS has been the subject of a number of recent analyst reports. TD Securities raised their price objective on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada dropped their target price on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating for the company in a research report on Monday, June 9th. CIBC upped their target price on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group lifted their price target on Bank of Nova Scotia from C$80.00 to C$81.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, UBS Group cut their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a research note on Thursday, May 22nd. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of "Hold" and an average target price of C$77.31.

Read Our Latest Stock Report on BNS

Bank of Nova Scotia Company Profile

(Get Free Report)

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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Dividend History for Bank of Nova Scotia (TSE:BNS)

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