The Bank of Nova Scotia Announces Quarterly Dividend of $1.06 (TSE:BNS)

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Investors of record on Monday, April 28th will be given a dividend of 1.06 per share by the bank on Monday, April 28th. This represents a $4.24 annualized dividend and a yield of 6.32%. The ex-dividend date is Tuesday, April 1st.

Bank of Nova Scotia Stock Down 1.7 %

Shares of BNS stock opened at C$67.09 on Wednesday. The stock has a market cap of C$82.21 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a fifty-two week low of C$60.68 and a fifty-two week high of C$80.14. The business has a fifty day simple moving average of C$71.28 and a 200-day simple moving average of C$73.64.

Analyst Upgrades and Downgrades

BNS has been the subject of several recent research reports. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Thursday, January 9th. TD Securities set a C$81.00 target price on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Cibc World Mkts lowered Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America lowered Bank of Nova Scotia from a “buy” rating to a “neutral” rating and dropped their target price for the company from C$82.00 to C$70.00 in a research note on Monday. Finally, Jefferies Financial Group lowered their price target on Bank of Nova Scotia from C$81.00 to C$77.00 in a report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus target price of C$76.73.

Bank of Nova Scotia 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 Wealth Management, and Global Banking and Markets segments.