Bank of Nova Scotia (The) (BNS) To Go Ex-Dividend on April 7th

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) declared a quarterly dividend on Tuesday, December 2nd. Stockholders of record on Tuesday, April 7th will be paid a dividend of 1.10 per share by the bank on Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, April 7th.

Bank of Nova Scotia has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Bank of Nova Scotia has a dividend payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Research 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 $3.22 annual dividend with an expected future payout ratio of 56.9%.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at $70.13 on Friday. The stock has a market capitalization of $86.36 billion, a P/E ratio of 14.58, a PEG ratio of 0.85 and a beta of 1.10. The business has a 50 day simple moving average of $73.19 and a two-hundred day simple moving average of $70.25. Bank of Nova Scotia has a 12 month low of $44.09 and a 12 month high of $78.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Tuesday, February 24th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Bank of Nova Scotia had a net margin of 12.40% and a return on equity of 12.49%. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the company earned $1.76 EPS. Bank of Nova Scotia’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts predict that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

About Bank of Nova Scotia

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.