National Bank of Canada to Issue Dividend of $0.80 (OTCMKTS:NTIOF)

National Bank of Canada (OTCMKTS:NTIOF) announced a dividend on Saturday, March 22nd, investing.com reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.7975 per share by the financial services provider on Thursday, May 1st. This represents a yield of 3.86%. The ex-dividend date is Monday, March 31st.

National Bank of Canada Price Performance

OTCMKTS:NTIOF opened at $83.30 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50-day moving average of $85.87 and a 200-day moving average of $91.41. National Bank of Canada has a 52 week low of $76.77 and a 52 week high of $100.08. The company has a market capitalization of $32.59 billion, a price-to-earnings ratio of 10.61 and a beta of 1.09.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. CIBC reaffirmed a “neutral” rating on shares of National Bank of Canada in a report on Wednesday, March 5th. Finally, Cormark downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Friday, February 21st.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.