National Bank of Canada to Distribute Quarterly Dividend of $1.14

The National Bank of Canada (TSE:NA) has announced its quarterly dividend, which was declared on December 30th, 2024. Shareholders who are on record as of the same date will receive a dividend of $1.14 per share. This payment is scheduled for February 1st, representing an annualized dividend of $4.56. It also reflects a dividend yield of 3.45%. Notably, this marks an increase from the bank's prior quarterly dividend of $1.10.

Recent Stock Performance

As of Friday, the shares of National Bank of Canada opened at C$132.22. The bank's current market capitalization stands at C$45.01 billion, with a price-to-earnings ratio of 12.87, a PEG ratio of 7.14, and a beta of 1.12. The 50-day simple moving average for the stock is C$134.04, while its 200-day simple moving average is C$123.60. The stock has reached a 52-week low of C$98.04 and a 52-week high of C$141.15.

Analytical Perspectives

Recent reports from analysts about National Bank of Canada show mixed evaluations. For instance, Cibc World Markets downgraded its recommendation from "strong-buy" to "hold" earlier in September. Conversely, Canaccord Genuity Group raised their price target for the shares from C$135.00 to C$142.00 this December. BMO Capital Markets also increased its target price from C$125.00 to C$143.00 following a note on November 18. However, TD Securities adjusted its price target down to C$138.00, while CIBC revised its price objective up to C$141.00. In total, ten analysts have rated National Bank’s stock as a hold, while two analysts have assigned a buy rating, and one analyst has issued a sell rating. The consensus rating is categorized as "Hold" with a price target averaging C$136.10 according to MarketBeat data.

Insider Trading Activities

In other developments, it was reported that Brigitte Hébert, a senior officer, sold 400 shares of National Bank on December 24th for an average price of C$132.46, amounting to a total value of C$52,984. Additionally, another insider, Marie-Chantal Gingras, sold 600 shares on the same day at an average price of C$132.79, totaling C$79,674. It is noteworthy that company insiders hold approximately 0.21% of the bank's stock.

About National Bank of Canada

National Bank of Canada offers a wide range of financial services to various clients, including individuals, businesses, institutional clients, and governments, both domestically and internationally. The bank's operations are divided into four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. Its Personal and Commercial segment includes services such as personal banking, mortgage loans, consumer loans, insurance products, and various commercial banking services.

dividend, finance, stocks