National Bank of Canada (OTCMKTS:NTIOF) Increases Dividend to $0.81 Per Share

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) declared a dividend on Saturday, December 21st,investing.com reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.8104 per share by the financial services provider on Saturday, February 1st. This represents a yield of 3.53%. The ex-dividend date is Monday, December 30th. This is an increase from National Bank of Canada's previous dividend of $0.81.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock traded up $0.35 on Friday, reaching $91.84. 4,013 shares of the stock were exchanged, compared to its average volume of 66,208. The firm has a market capitalization of $31.28 billion, a PE ratio of 11.70 and a beta of 1.06. National Bank of Canada has a 1-year low of $70.00 and a 1-year high of $100.08. The business has a fifty day moving average price of $95.67 and a two-hundred day moving average price of $89.54. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Several brokerages recently commented on NTIOF. Cibc World Mkts cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th. Barclays lowered National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.