The Bank of Nova Scotia (BNS) Plans Dividend of $0.59
The Bank of Nova Scotia (NYSE:BNS) announced a dividend on Tuesday, May 27th, ARN reports. Investors of record on Wednesday, July 2nd will be paid a dividend of 0.5903 per share on Tuesday, July 29th. The ex-dividend date is Monday, June 30th.
A number of analysts have recently weighed in on BNS shares. Analysts at CIBC upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 30th. On the ratings front, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Bank of Nova Scotia in a research note on Wednesday, May 28th. Finally, analysts at National Bank Financial upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Bank of Nova Scotia currently has an average rating of “Buy” and an average price target of $67.17.
Shares of The Bank of Nova Scotia (NYSE:BNS) opened at 66.42 on Tuesday. The Bank of Nova Scotia has a 1-year low of $52.05 and a 1-year high of $66.53. The stock has a 50-day moving average of $63.40 and a 200-day moving average of $59.7. The company has a market cap of $80.812 billion and a P/E ratio of 13.22.
The Bank of Nova Scotia (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.07. The company had revenue of $5.81 billion for the quarter. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that The Bank of Nova Scotia will post $5.55 EPS for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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