The Bank of Nova Scotia (BNS.TO) (TSE:BNS) (NYSE:BNS) announced a quarterly dividend on Tuesday, February 23rd, RTT News reports. Stockholders of record on Tuesday, April 6th will be given a dividend of 0.90 per share by the bank on Wednesday, April 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.90%.
Shares of TSE:BNS traded up C$1.39 during trading on Tuesday, reaching C$73.47. The stock had a trading volume of 1,115,205 shares, compared to its average volume of 3,461,372. The Bank of Nova Scotia has a one year low of C$46.38 and a one year high of C$74.00. The company has a market capitalization of C$89.02 billion and a P/E ratio of 13.60. The firm's 50-day simple moving average is C$69.70 and its 200 day simple moving average is C$62.24.
The Bank of Nova Scotia (BNS.TO) (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, December 1st. The bank reported C$1.45 earnings per share for the quarter, beating analysts' consensus estimates of C$1.21 by C$0.24. The firm had revenue of C$7.51 billion during the quarter, compared to the consensus estimate of C$7.62 billion. As a group, analysts forecast that The Bank of Nova Scotia will post 7.0499996 earnings per share for the current year.
BNS has been the topic of a number of recent analyst reports. Fundamental Research restated a "buy" rating and issued a C$71.70 price target (up from C$66.04) on shares of The Bank of Nova Scotia (BNS.TO) in a report on Tuesday, December 8th. National Bank Financial lifted their target price on shares of The Bank of Nova Scotia (BNS.TO) from C$68.00 to C$70.00 and gave the stock a "sector perform" rating in a research note on Monday, January 11th. CSFB cut shares of The Bank of Nova Scotia (BNS.TO) from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from C$66.00 to C$64.00 in a research note on Friday, January 8th. Credit Suisse Group cut shares of The Bank of Nova Scotia (BNS.TO) from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from C$66.00 to C$64.00 in a research note on Friday, January 8th. Finally, Canaccord Genuity lifted their target price on shares of The Bank of Nova Scotia (BNS.TO) from C$66.50 to C$70.50 and gave the stock a "na" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of "Hold" and a consensus target price of C$69.56.
The Bank of Nova Scotia (BNS.TO) Company Profile
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments.
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7 Stocks to Buy In January
If you’re anything like me, then Christmas always has a way of sneaking up on you. And once you get to Christmas, it means that the end of the year is just a week away. For investors, 2020 is ending with as much volatility as it began. And in between, it wasn’t a whole lot calmer.
But whether you’re facing a decision on where to allocate IRA contributions or just looking to spend some time this holiday season rebalancing your portfolio, you may be wondering what stocks to buy in January of next year. It will be a time when there’s a lot of hope, but a real normal will still be months away. What should you do?
My advice to you is to keep it simple. And that’s what I’m trying to do in this special presentation. I’m not trying to trip you up or send you down the rabbit hole on a secret speculative stock. I’m looking at buying into companies that appear to be good buys as the economy recovers.
View the "7 Stocks to Buy In January".