National Bank of Canada (TSE:NA) to Issue Dividend Increase – $1.32 Per Share

National Bank of Canada (TSE:NA) announced a quarterly dividend on Monday, June 29th, TickerTech Dividends reports. Investors of record on Saturday, August 1st will be paid a dividend of 1.32 per share by the financial services provider on Saturday, August 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 29th. This is a 6.5% increase from National Bank of Canada’s previous quarterly dividend of $1.24.

National Bank of Canada Price Performance

NA stock opened at C$222.03 on Friday. The business has a fifty day moving average price of C$208.12 and a 200 day moving average price of C$188.04. National Bank of Canada has a fifty-two week low of C$138.47 and a fifty-two week high of C$226.19. The stock has a market capitalization of C$85.51 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 7.14 and a beta of 1.40.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share for the quarter. The firm had revenue of C$3.91 billion during the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. On average, equities analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.