The Bank of Nova Scotia (TSE:BNS) Plans $1.10 Quarterly Dividend

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, October 7th, TickerTech Dividends reports. Stockholders of record on Wednesday, October 29th will be paid a dividend of 1.10 per share by the bank on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, October 7th.

Bank of Nova Scotia Trading Up 0.2%

BNS opened at C$91.03 on Friday. The stock has a market cap of C$113.38 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.33 and a beta of 1.35. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$91.40. The stock has a fifty day moving average price of C$83.87 and a 200 day moving average price of C$75.63.

Analyst Ratings Changes

BNS has been the subject of a number of analyst reports. Desjardins boosted their price target on Bank of Nova Scotia from C$79.00 to C$85.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. CIBC boosted their price target on Bank of Nova Scotia from C$90.00 to C$93.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Royal Bank Of Canada boosted their price target on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. TD Securities boosted their price target on Bank of Nova Scotia from C$87.00 to C$93.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Finally, Barclays boosted their price objective on Bank of Nova Scotia from C$81.00 to C$86.00 in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$85.85.

Bank of Nova Scotia Company Profile

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.