National Bank of Canada (TSE:NA) Plans Quarterly Dividend of $1.14

National Bank of Canada (TSE:NA) announced a quarterly dividend on Monday, December 30th,RTT News reports. Shareholders of record on Monday, December 30th will be given a dividend of 1.14 per share by the financial services provider on Saturday, February 1st. This represents a $4.56 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10.

National Bank of Canada Price Performance

NA stock opened at C$132.22 on Friday. The firm has a market capitalization of C$45.01 billion, a P/E ratio of 12.87, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52-week low of C$98.04 and a 52-week high of C$141.15. The company’s 50 day simple moving average is C$134.04 and its 200-day simple moving average is C$123.60.

Insider Buying and Selling

In other news, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NA. CIBC upped their price target on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their price objective on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. TD Securities reduced their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Scotiabank raised their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and an average target price of C$136.10.

National Bank of Canada Company Profile

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.