The Bank of Nova Scotia Announces Quarterly Dividend of $0.60 (BNS)
The Bank of Nova Scotia (NYSE:BNS) announced a quarterly dividend on Wednesday, August 27th, Analyst RN reports. Shareholders of record on Tuesday, October 7th will be paid a dividend of 0.6032 per share on Wednesday, October 29th. This represents a $2.41 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, October 3rd.
Several analysts have recently commented on the stock. Analysts at TD Securities downgraded shares of The Bank of Nova Scotia from an “action list buy” rating to a “buy” rating in a research note on Wednesday. On a related note, analysts at Credit Suisse downgraded shares of The Bank of Nova Scotia from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of The Bank of Nova Scotia in a research note on Tuesday, August 19th. They now have a $74.00 price target on the stock, up previously from $72.00. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The Bank of Nova Scotia presently has a consensus rating of “Buy” and a consensus price target of $67.60.
Shares of The Bank of Nova Scotia (NYSE:BNS) traded up 0.68% on Wednesday, hitting $66.62. The stock had a trading volume of 804,485 shares. The Bank of Nova Scotia has a 1-year low of $53.94 and a 1-year high of $68.71. The stock’s 50-day moving average is $67.2 and its 200-day moving average is $62.49. The company has a market cap of $81.055 billion and a P/E ratio of 13.44.
The Bank of Nova Scotia (NYSE:BNS) last released its earnings data on Tuesday, August 26th. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.29 by $0.41. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that The Bank of Nova Scotia will post $5.59 EPS for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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