Bank of Nova Scotia (BNS) Plans $0.79 Quarterly Dividend

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, November 28th, RTT News reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.79 per share by the bank on Monday, January 29th. This represents a $3.16 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, December 29th.

Bank of Nova Scotia (TSE:BNS) traded up C$0.34 during midday trading on Friday, reaching C$81.99. The company had a trading volume of 2,840,000 shares, compared to its average volume of 1,740,000. The stock has a market capitalization of $98,360.00, a P/E ratio of 12.63 and a beta of 0.88. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.39% and a return on equity of 14.64%. The company had revenue of C$6.81 billion during the quarter, compared to analyst estimates of C$7.05 billion. During the same quarter last year, the business posted $1.58 EPS.

In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.

BNS has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Royal Bank of Canada raised their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Canaccord Genuity raised their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Scotiabank lowered their price objective on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Wednesday, November 29th. Finally, CIBC raised their price objective on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Eight equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$89.17.

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Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank 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.

Dividend History for Bank of Nova Scotia (TSE:BNS)

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