National Bank of Canada Declares Dividend of $0.80

National Bank of Canada (OTCMKTS:NTIOF) has announced a dividend of $0.7975 per share, which will be paid to its shareholders of record on April 1st. The dividend payment is scheduled for May 1st and offers a yield of 3.86%. It is important to note that the ex-dividend date, which is the last date to purchase shares before receiving the dividend, is set for March 31st.

Current Trading Status of National Bank of Canada

On the last trading day, the shares of National Bank of Canada opened at $82.61. The company's market capitalization stands at $32.32 billion, with a price-to-earnings (PE) ratio of 10.52, indicating how much investors are willing to pay for a dollar of earnings. The stock has shown a beta of 1.09, reflecting its volatility compared to the overall market. In the past year, the stock hit a low of $76.77 and a high of $100.08. The company's current and quick ratios are both 0.76, while its debt-to-equity ratio is a low 0.06, suggesting a financial structure with manageable debt levels. Furthermore, the fifty-day simple moving average is $86.61, and the 200-day simple moving average is $91.68.

Recent Analyst Ratings for National Bank of Canada

Several analysts have provided insights into National Bank of Canada’s stock recently. CIBC World Markets downgraded the bank from a "strong-buy" rating to a "hold" on February 18th. On March 5th, CIBC reiterated its "neutral" rating on the stock. In another assessment, Cormark reduced its rating from a "moderate buy" to a "hold" on February 21st. These adjustments highlight mixed sentiments towards the stock among market analysts.

Overview of National Bank of Canada

National Bank of Canada provides a variety of financial services to individuals, corporations, institutional clients, and government entities in Canada and beyond. The bank operates through four main segments: Personal and Commercial Banking, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. In the Personal and Commercial segment, it offers personal banking services, including checking and savings accounts, home equity loans, consumer loans, payment solutions, and various investment options. The bank also provides insurance products and commercial banking services, which encompass credit and deposit services, international trade support, foreign exchange services, payroll handling, and cash management.

dividend, stocks, finance