National Bank of Canada (NA) Declares Quarterly Dividend of $0.60
National Bank of Canada (TSE:NA) announced a quarterly dividend on Friday, December 1st, RTT News reports. Investors of record on Wednesday, December 27th will be paid a dividend of 0.60 per share by the financial services provider on Thursday, February 1st. This represents a $2.40 dividend on an annualized basis and a yield of 3.78%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58.
Shares of National Bank of Canada (NA) opened at C$63.57 on Friday. National Bank of Canada has a 1-year low of C$49.94 and a 1-year high of C$64.14.
NA has been the topic of a number of research analyst reports. CIBC boosted their price objective on shares of National Bank of Canada from C$62.00 to C$68.00 in a research report on Monday, November 13th. Canaccord Genuity lifted their target price on shares of National Bank of Canada from C$62.00 to C$66.00 in a research note on Wednesday, November 1st. BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “market perform” rating in a research note on Thursday, August 31st. Royal Bank Of Canada boosted their price target on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Finally, TD Securities increased their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company a “hold” rating in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$61.58.
In related news, Director Richard Fortin purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average price of C$57.90 per share, for a total transaction of C$289,500.00. Also, insider Elaine Marchand sold 6,100 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$59.50, for a total value of C$362,950.00. Over the last 90 days, insiders have bought 16,900 shares of company stock worth $988,018 and have sold 16,900 shares worth $968,706.
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National Bank of Canada Company Profile
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