Bank of Nova Scotia (BNS) Declares Quarterly Dividend of $0.58

Bank of Nova Scotia (NYSE:BNS) announced a quarterly dividend on Wednesday, May 29th, Analyst Ratings.Net reports. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.5823 per share on Monday, July 29th. This represents a $2.33 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, June 28th.

BNS has been the subject of a number of recent research reports. Analysts at Barclays Capital reiterated a “buy” rating on shares of Bank of Nova Scotia in a research note to investors on Wednesday. They now have a $61.00 price target on the stock. On the ratings front, analysts at Canaccord Genuity cut their price target on shares of Bank of Nova Scotia from C$69.00 to C$67.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Bank of Nova Scotia from C$68.00 to C$67.00 in a research note to investors on Wednesday.

Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of $63.92.

Bank of Nova Scotia (NYSE: BNS) traded down 0.12% on Wednesday, hitting $57.27. Bank of Nova Scotia has a 1-year low of $48.45 and a 1-year high of $60.23. The stock’s 50-day moving average is currently $57.09. The company has a market cap of $68.260 billion and a price-to-earnings ratio of 10.69.

Bank of Nova Scotia (NYSE: BNS) last announced its earnings results on Tuesday, May 28th. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.26 by $0.03. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post $5.14 earnings per share for the current fiscal year.

The Bank of Nova Scotia (NYSE: BNS) is a diversified financial institution.

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