Bank of Nova Scotia (NYSE:BNS) announced a quarterly dividend on Tuesday, March 5th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.60 per share on Friday, April 26th. This represents a $2.40 annualized dividend and a dividend yield of 4.05%.
A number of analysts have recently weighed in on BNS shares. Analysts at Barclays Capital upgraded shares of Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, February 20th. They now have a $61.00 price target on the stock, up previously from $58.00. On the ratings front, analysts at CIBC raised their price target on shares of Bank of Nova Scotia from $63.00 to $64.00 in a research note to investors on Tuesday, February 19th. Finally, analysts at Citigroup initiated coverage on shares of Bank of Nova Scotia in a research note to investors on Friday, February 1st. They set a “neutral” rating on the stock.
Thirteen analysts have rated the stock with a buy rating, two have assigned an overweight rating, and five have assigned a hold rating to the company’s stock. Bank of Nova Scotia has an average rating of “overweight” and a consensus target price of $63.25.
Shares of Bank of Nova Scotia (BNS) opened at 59.23 on Tuesday. Bank of Nova Scotia (BNS) has a one year low of $48.45 and a one year high of $59.74. The stock’s 50-day moving average is currently $58.73. The company has a market cap of $70.167 billion and a P/E ratio of 11.13.
Bank of Nova Scotia last announced its earnings results on Tuesday, March 5th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.27 by $0.02. On average, analysts predict that Bank of Nova Scotia (BNS) will post $5.13 earnings per share for the current fiscal year.
The Bank of Nova Scotia (the Bank) is a diversified financial institution. As of October 31, 2011, the Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 18.
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