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

National Bank of Canada (OTCMKTS:NTIOF) declared a dividend on Saturday, December 21st,investing.com reports. Shareholders 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 a positive change from National Bank of Canada’s previous dividend of $0.81.

National Bank of Canada Stock Up 0.4 %

Shares of OTCMKTS:NTIOF opened at $91.84 on Friday. The company has a market capitalization of $31.28 billion, a P/E ratio of 11.70 and a beta of 1.06. The stock’s fifty day simple moving average is $95.67 and its 200-day simple moving average is $89.56. National Bank of Canada has a 52-week low of $70.00 and a 52-week high of $100.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Several research firms have issued reports 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 shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report 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.