The Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) declared a quarterly dividend on Tuesday, May 28th, Zacks reports. Investors of record on Wednesday, July 3rd will be given a dividend of 0.769 per share by the bank on Monday, July 29th. This represents a $3.08 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date is Wednesday, July 3rd.
Bank of Nova Scotia has increased its dividend payment by an average of 5.1% annually over the last three years. Bank of Nova Scotia has a dividend payout ratio of 61.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bank of Nova Scotia to earn $5.15 per share next year, which means the company should continue to be able to cover its $3.10 annual dividend with an expected future payout ratio of 60.2%.
Bank of Nova Scotia Price Performance
BNS stock opened at $45.72 on Monday. The business’s 50-day moving average is $46.96 and its two-hundred day moving average is $47.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $56.22 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.69 and a beta of 1.05. Bank of Nova Scotia has a 1 year low of $39.79 and a 1 year high of $51.98.
Analysts Set New Price Targets
A number of equities analysts recently commented on BNS shares. Barclays initiated coverage on shares of Bank of Nova Scotia in a research note on Wednesday, March 20th. They set an “underweight” rating and a $70.00 target price for the company. StockNews.com downgraded Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and an average price target of $68.00.
Get Our Latest Stock Analysis on BNS
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.
Read More
- Five stocks we like better than Bank of Nova Scotia
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 3 Stocks Upgraded by Analysts: Home Depot, U.S. Steel, Alcoa
- Best Stocks Under $10.00
- NVIDIA and TSM Stock: Is Semiconductor Sector Momentum Slowing?
- ETF Screener: Uses and Step-by-Step Guide
- Palo Alto Networks Stock Gains AI-Powered Cybersecurity Solutions
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.