The Bank of Nova Scotia Announces Quarterly Dividend of $1.06 (TSE:BNS)

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS announced a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Shareholders of record on Monday, April 28th will be paid a dividend of 1.06 per share by the bank on Monday, April 28th. This represents a $4.24 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Tuesday, April 1st.

Bank of Nova Scotia Trading Down 2.4 %

BNS traded down C$1.64 during trading hours on Friday, hitting C$66.54. The company's stock had a trading volume of 10,728,304 shares, compared to its average volume of 5,126,238. The company has a 50-day simple moving average of C$70.88 and a 200 day simple moving average of C$73.56. The firm has a market capitalization of C$81.54 billion, a PE ratio of 10.51, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a fifty-two week low of C$60.68 and a fifty-two week high of C$80.14.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BNS. Royal Bank of Canada cut their price objective on Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. CIBC cut their price target on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a report on Wednesday, March 5th. Cibc World Mkts cut shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Accountability Research set a C$82.00 target price on shares of Bank of Nova Scotia and gave the company a "buy" rating in a research note on Thursday, January 9th. Finally, Bank of America lowered shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating and decreased their price target for the stock from C$82.00 to C$70.00 in a research report on Monday, March 31st. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of "Hold" and a consensus price target of C$76.73.

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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.