National Bank of Canada (OTCMKTS:NTIOF) to Issue Dividend of $0.81

National Bank of Canada (OTCMKTS:NTIOF) announced a dividend on Saturday, December 21st,investing.com reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.8104 per share by the financial services provider on Saturday, February 1st. This represents a dividend yield of 3.53%. The ex-dividend date is Monday, December 30th. This is an increase from National Bank of Canada’s previous dividend of $0.81.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $91.84 on Friday. The company’s fifty day moving average price is $95.67 and its two-hundred day moving average price is $89.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $31.28 billion, a P/E ratio of 11.70 and a beta of 1.06. National Bank of Canada has a 12 month low of $70.00 and a 12 month high of $100.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.