National Bank of Canada (TSE:NA) announced a quarterly dividend on Wednesday, August 31st. Stockholders of record on Monday, September 26th will be given a dividend of 0.55 per share on Tuesday, November 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, September 22nd.

National Bank of Canada (TSE:NA) opened at 47.65 on Wednesday. The firm’s 50-day moving average price is $46.42 and its 200-day moving average price is $44.39. National Bank of Canada has a 1-year low of $34.86 and a 1-year high of $47.98. The firm has a market capitalization of $16.09 billion and a PE ratio of 13.78.

NA has been the subject of a number of analyst reports. Desjardins upped their price target on National Bank of Canada from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Scotiabank upped their price target on National Bank of Canada from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Securities restated a “hold” rating and issued a C$47.00 price target on shares of National Bank of Canada in a research report on Monday. BMO Capital Markets upped their price target on National Bank of Canada from C$45.00 to C$49.00 in a research report on Thursday, September 1st. Finally, CIBC upped their price target on National Bank of Canada from C$44.00 to C$45.00 in a research report on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. National Bank of Canada has a consensus rating of “Hold” and an average target price of C$49.18.

About National Bank of Canada

National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.

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