The bank increased its quarterly payout by 6.5%, marking a rise from CAD 1.24 to CAD 1.32 per share.
National Bank of Canada raised its quarterly dividend by 6.5% to CAD 1.32 per share, up from CAD 1.24 previously. The move reflects the bank’s confidence in sustained earnings growth and capital returns to shareholders.
The prior dividend stood at CAD 1.24, with the last adjustment occurring in early 2024. The new payout will be distributed on August 1 to shareholders of record as of June 29, with an ex-dividend date set for the same day.
No immediate market reaction was disclosed in the announcement.