Bank of Nova Scotia (The) (NYSE:BNS) Announces C$1.10 Quarterly Dividend

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) declared a quarterly dividend on Tuesday, December 2nd. Stockholders of record on Tuesday, April 7th will be paid a dividend of 1.10 per share by the bank on Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, April 7th.

Bank of Nova Scotia has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Bank of Nova Scotia has a payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank of Nova Scotia to earn $5.66 per share next year, which means the company should continue to be able to cover its $3.22 annual dividend with an expected future payout ratio of 56.9%.

Bank of Nova Scotia Price Performance

BNS opened at $70.13 on Friday. The company’s 50 day simple moving average is $73.19 and its 200 day simple moving average is $70.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. Bank of Nova Scotia has a 1 year low of $44.09 and a 1 year high of $78.28. The stock has a market capitalization of $86.36 billion, a PE ratio of 14.58, a P/E/G ratio of 0.85 and a beta of 1.10.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, February 24th. The bank reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $6.99 billion. Bank of Nova Scotia had a net margin of 12.40% and a return on equity of 12.49%. Bank of Nova Scotia’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. As a group, sell-side analysts expect that Bank of Nova Scotia will post 4.91 EPS for the current year.

About Bank of Nova Scotia

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.