The Bank of Nova Scotia (BNS.TO) (BNS) to Issue Quarterly Dividend of $0.90 on January 27th

The Bank of Nova Scotia (BNS.TO) (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, December 1st, RTT News reports. Shareholders of record on Tuesday, January 5th will be paid a dividend of 0.90 per share by the bank on Wednesday, January 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Monday, January 4th.

Shares of BNS opened at C$68.80 on Friday. The stock’s 50-day moving average is C$66.14 and its two-hundred day moving average is C$58.64. The stock has a market cap of C$83.36 billion and a PE ratio of 12.98. The Bank of Nova Scotia has a 12 month low of C$46.38 and a 12 month high of C$74.92.

The Bank of Nova Scotia (BNS.TO) (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, December 1st. The bank reported C$1.45 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.21 by C$0.24. The company had revenue of C$7.51 billion for the quarter, compared to analyst estimates of C$7.62 billion. As a group, analysts predict that The Bank of Nova Scotia will post 6.9999997 EPS for the current year.

A number of analysts have recently issued reports on the company. National Bank Financial lifted their target price on The Bank of Nova Scotia (BNS.TO) from C$60.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 2nd. Royal Bank of Canada raised The Bank of Nova Scotia (BNS.TO) from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$71.00 to C$77.00 in a research report on Tuesday, December 8th. BMO Capital Markets lifted their target price on The Bank of Nova Scotia (BNS.TO) from C$70.00 to C$75.00 in a research report on Monday, December 14th. Canaccord Genuity boosted their price objective on The Bank of Nova Scotia (BNS.TO) from C$63.50 to C$66.50 in a report on Wednesday, December 2nd. Finally, Fundamental Research reissued a “buy” rating and issued a C$71.70 price objective (up from C$66.04) on shares of The Bank of Nova Scotia (BNS.TO) in a report on Tuesday, December 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The Bank of Nova Scotia (BNS.TO) has an average rating of “Buy” and an average target price of C$67.38.

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.

Featured Article: What is the Stochastic Momentum Index (SMI)?