National Bank of Canada (TSE:NA) Announces Quarterly Dividend of $1.14

National Bank of Canada (TSE:NA) declared a quarterly dividend on Wednesday, December 4th,RTT News reports. Investors of record on Monday, December 30th will be paid a dividend of 1.14 per share by the financial services provider on Saturday, February 1st. This represents a $4.56 dividend on an annualized basis and a yield of 3.34%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10.

National Bank of Canada Trading Down 3.1 %

NA traded down C$4.38 during trading on Wednesday, reaching C$136.38. 537,720 shares of the company’s stock were exchanged, compared to its average volume of 1,726,220. The firm has a fifty day moving average price of C$132.29 and a two-hundred day moving average price of C$121.41. The stock has a market capitalization of C$46.42 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$92.71 and a one year high of C$141.15.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NA shares. Scotiabank raised their target price on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Desjardins raised their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Cormark raised their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Finally, Jefferies Financial Group upped their price objective on shares of National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$132.40.

Insider Activity

In other news, Director Yvon Charest bought 285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, with a total value of C$38,107.35. Company insiders own 0.21% of the company’s stock.

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.