National Bank of Canada Announces Quarterly Dividend of $1.14

The National Bank of Canada (TSE:NA – Get Free Report) has declared a quarterly dividend of $1.14 per share, as reported on December 30th. Stockholders recorded on this date will receive their dividends on February 1st. This dividend is an increase from the previous quarterly payment of $1.10 and translates to an annualized dividend of $4.56, giving a dividend yield of approximately 3.45%. The ex-dividend date for this payment is also set for December 30th.

Current Stock Performance

As of Friday, shares of the National Bank of Canada opened at C$132.22. The company's market capitalization stands at C$45.01 billion, with a price-to-earnings ratio of 12.87 and a PEG ratio of 7.14. The stock has shown a beta value of 1.12, indicating it is slightly more volatile than the market. The stock's 50-day simple moving average is C$134.04, while its 200-day simple moving average is C$123.60. Over the past year, the stock has fluctuated between a low of C$98.04 and a high of C$141.15.

Analyst Ratings

Several analysts have provided updates on the stock. Notably, CIBC World Markets lowered its rating from “strong-buy” to “hold.” Meanwhile, Canaccord Genuity Group raised their price target from C$135.00 to C$142.00. BMO Capital Markets also increased their target price from C$125.00 to C$143.00, while TD Securities decreased theirs from C$140.00 to C$138.00. Currently, one analyst rates the stock as a sell, while ten suggest holding, and two have positive buy ratings. The consensus rating for the stock is a “Hold,” with a price target averaging C$136.10.

Insider Transactions

In recent insider trading activities, Senior Officer Brigitte Hébert sold 400 shares at an average price of C$132.46, totaling about C$52,984. Additionally, insider Marie-Chantal Gingras sold 600 shares at an average price of C$132.79, resulting in a total of approximately C$79,674. Company insiders collectively hold 0.21% of the company’s shares.

About National Bank of Canada

The National Bank of Canada is a diversified financial services provider operating across Canada and internationally. Its operations are segmented into four main areas: Personal and Commercial Banking, Wealth Management, Financial Markets, and U.S. Specialty Finance and International Services. The Personal and Commercial Banking segment offers a variety of banking products including loans, mortgages, payment solutions, and insurance services to both individual and commercial clients.

dividend, stocks, financial