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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Wednesday, July 3rd, Zacks reports. Shareholders of record on Monday, July 29th will be given a dividend of 1.06 per share by the bank on Monday, July 29th. This represents a $4.24 annualized dividend and a yield of 6.78%. The ex-dividend date is Wednesday, July 3rd.

Bank of Nova Scotia Stock Up 0.3 %

TSE BNS opened at C$62.58 on Tuesday. The company has a fifty day moving average of C$64.28 and a two-hundred day moving average of C$64.62. The firm has a market capitalization of C$76.97 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.33 and a beta of 0.98. Bank of Nova Scotia has a 52 week low of C$55.20 and a 52 week high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Tuesday, May 28th. The bank reported C$1.58 EPS for the quarter, topping the consensus estimate of C$1.55 by C$0.03. The company had revenue of C$8.35 billion during the quarter, compared to analyst estimates of C$8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. Equities research analysts anticipate that Bank of Nova Scotia will post 6.4780876 EPS for the current year.

Wall Street Analyst Weigh In

BNS has been the subject of a number of recent analyst reports. National Bankshares lowered their target price on shares of Bank of Nova Scotia from C$67.00 to C$66.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 29th. Jefferies Financial Group lowered their target price on shares of Bank of Nova Scotia from C$69.00 to C$64.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Royal Bank of Canada lowered their target price on shares of Bank of Nova Scotia from C$64.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 29th. CIBC boosted their target price on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Finally, BMO Capital Markets boosted their target price on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of C$66.68.

About Bank of Nova Scotia

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.