The Bank of Nova Scotia Declares Quarterly Dividend of $1.06 (TSE:BNS)

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Investors of record on Monday, April 28th will be given a dividend of 1.06 per share by the bank on Monday, April 28th. This represents a $4.24 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Tuesday, April 1st.

Bank of Nova Scotia Stock Down 0.2 %

TSE:BNS opened at C$68.23 on Tuesday. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14. The firm has a market capitalization of C$83.61 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.33 and a beta of 0.97. The stock’s 50 day moving average price is C$71.42 and its two-hundred day moving average price is C$73.68.

Analysts Set New Price Targets

BNS has been the topic of a number of research analyst reports. Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. CIBC dropped their price objective on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a research report on Wednesday, March 5th. Accountability Research set a C$82.00 target price on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Thursday, January 9th. TD Securities set a C$81.00 price target on Bank of Nova Scotia and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Bank of America downgraded Bank of Nova Scotia from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$82.00 to C$70.00 in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$76.73.

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.