Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) announced a quarterly dividend on Tuesday, May 28th, Zacks reports. Stockholders of record on Tuesday, July 2nd will be paid a dividend of 0.65 per share by the bank on Monday, July 29th. This represents a $2.60 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, June 28th.
Bank of Nova Scotia has raised its dividend by an average of 5.0% annually over the last three years and has increased its dividend every year for the last 2 years.
Shares of NYSE:BNS opened at $54.22 on Thursday. The firm has a market capitalization of $66.18 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.05 and a beta of 1.15. The company has a 50-day simple moving average of $52.89. Bank of Nova Scotia has a 52-week low of $48.34 and a 52-week high of $60.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, May 28th. The bank reported $1.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.04). The business had revenue of $7.80 billion during the quarter, compared to analyst estimates of $7.60 billion. Bank of Nova Scotia had a net margin of 19.20% and a return on equity of 13.55%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 earnings per share. Research analysts predict that Bank of Nova Scotia will post 5.26 EPS for the current fiscal year.
BNS has been the topic of several research analyst reports. CIBC downgraded Bank of Nova Scotia from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Desjardins reaffirmed an “average” rating and issued a $81.00 price target on shares of Bank of Nova Scotia in a research report on Wednesday, February 27th. Barclays reaffirmed a “buy” rating on shares of Bank of Nova Scotia in a research report on Friday, May 17th. Finally, ValuEngine raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of $77.75.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
Recommended Story: Why is insider trading harmful?
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.