The Bank of Nova Scotia Declares Quarterly Dividend of $1.10 (TSE:BNS)

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, April 7th, TickerTech Dividends reports. Shareholders of record on Tuesday, April 28th will be given a dividend of 1.10 per share by the bank on Tuesday, April 28th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, April 7th.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at C$97.64 on Friday. The firm has a market cap of C$120.34 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. The stock’s fifty day moving average price is C$100.20 and its two-hundred day moving average price is C$97.15. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$106.39.

Wall Street Analysts Forecast Growth

BNS has been the topic of a number of recent analyst reports. National Bank Financial decreased their price target on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. Raymond James Financial upped their price objective on shares of Bank of Nova Scotia from C$114.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Canadian Imperial Bank of Commerce raised their target price on shares of Bank of Nova Scotia from C$108.00 to C$109.00 in a report on Thursday, March 5th. Desjardins boosted their target price on shares of Bank of Nova Scotia from C$106.00 to C$107.00 and gave the company a “hold” rating in a research report on Wednesday, February 25th. Finally, BMO Capital Markets upped their price target on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$106.08.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank’s international operations span numerous countries and are more concentrated in Central and South America.