Bank of Nova Scotia (The) (BNS) to Issue Quarterly Dividend of $1.10 on October 29th

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) announced a quarterly dividend on Tuesday, December 3rd, RTT News reports. Stockholders of record on Tuesday, October 7th will be paid a dividend of 1.10 per share by the bank on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, October 7th. This is a 37.6% increase from Bank of Nova Scotia’s previous quarterly dividend of $0.80.

Bank of Nova Scotia has a payout ratio of 55.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank of Nova Scotia to earn $5.66 per share next year, which means the company should continue to be able to cover its $3.06 annual dividend with an expected future payout ratio of 54.1%.

Bank of Nova Scotia Price Performance

Shares of NYSE BNS opened at $65.24 on Friday. The stock has a market capitalization of $80.94 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.49 and a beta of 1.16. Bank of Nova Scotia has a 12 month low of $44.09 and a 12 month high of $65.52. The firm’s 50 day simple moving average is $60.66 and its 200-day simple moving average is $54.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $9.29 billion. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. Analysts expect that Bank of Nova Scotia will post 4.91 EPS for the current year.

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.