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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) announced a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Shareholders of record on Monday, April 28th will be paid 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 6.21%. The ex-dividend date is Tuesday, April 1st.

Bank of Nova Scotia Stock Down 0.2 %

Shares of TSE BNS opened at C$68.23 on Tuesday. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The stock has a market cap of C$83.61 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.33 and a beta of 0.97. The company’s fifty day moving average is C$71.42 and its 200-day moving average is C$73.68.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. CIBC reduced their target price on Bank of Nova Scotia from C$81.00 to C$75.00 in a report on Wednesday, March 5th. Royal Bank of Canada dropped their price target on Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. TD Securities set a C$81.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Tuesday, March 4th. Jefferies Financial Group lowered their target price on Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. Finally, Bank of America lowered shares of Bank of Nova Scotia from a “buy” rating to a “neutral” rating and cut their price target for the company from C$82.00 to C$70.00 in a research note on Monday. Nine equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.