On 3/26/15, National Bank of Canada (Toronto: NA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 5/1/15. As a percentage of NA's recent stock price of $47.05, this dividend works out to approximately 1.06%, so look for shares of National Bank of Canada to trade 1.06% lower — all else being equal — when NA shares open for trading on 3/26/15.
Below is a dividend history chart for NA, showing historical dividends prior to the most recent $0.50 declared by National Bank of Canada:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NA is likely to continue, and whether the current estimated yield of 4.25% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of NA shares, versus its 200 day moving average:
Looking at the chart above, NA's low point in its 52 week range is $43.72 per share, with $55.50 as the 52 week high point — that compares with a last trade of $47.17.
Special Offer: Follow Gordon Pape's income investing tips with a 30 day FREE trial to The Income Investor newsletter
According to the ETF Finder at ETFChannel.com, NA makes up 1.63% of the SPDR MSCI Canada Quality Mix ETF (AMEX: QCAN) which is trading relatively unchanged on the day Tuesday.
In Tuesday trading, National Bank of Canada shares are currently down about 0.5% on the day.
