Bank of Nova Scotia (The) (BNS) to Distribute Quarterly Dividend of C$1.14 on July 29th

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) declared a quarterly dividend on Tuesday, December 2nd. Investors of record on Tuesday, July 7th will be given a dividend of 1.14 per share by the bank on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, July 7th. This is a 3.6% increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10.

Bank of Nova Scotia has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Bank of Nova Scotia has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Nova Scotia to earn $6.71 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 49.2%.

Bank of Nova Scotia Trading Down 0.0%

Shares of Bank of Nova Scotia stock opened at $85.36 on Friday. Bank of Nova Scotia has a 1 year low of $54.31 and a 1 year high of $87.97. The firm has a market cap of $104.57 billion, a PE ratio of 16.29, a PEG ratio of 1.06 and a beta of 1.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day simple moving average of $81.05 and a two-hundred day simple moving average of $76.02.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Bank of Nova Scotia had a net margin of 13.38% and a return on equity of 13.16%. The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts expect that Bank of Nova Scotia will post 6.01 earnings per share for the current fiscal year.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.