Bank of Nova Scotia (The) (BNS) To Go Ex-Dividend on July 7th

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) declared a quarterly dividend on Tuesday, December 2nd. Investors of record on Tuesday, July 7th will be given a dividend of 1.14 per share by the bank on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, July 7th. This is a 3.6% increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10.

Bank of Nova Scotia has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 14 years. Bank of Nova Scotia has a dividend payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Nova Scotia to earn $6.71 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 49.2%.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at $85.36 on Friday. Bank of Nova Scotia has a 12-month low of $54.31 and a 12-month high of $87.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The company has a market cap of $104.57 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.11. The stock has a 50-day moving average price of $81.05 and a 200-day moving average price of $76.02.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank of Nova Scotia had a net margin of 13.38% and a return on equity of 13.16%. The company had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Bank of Nova Scotia’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Bank of Nova Scotia will post 6.01 earnings per share for the current fiscal year.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.