National Bank of Canada reports that its second-quarter profit rises compared with the same period last year and that it is increasing its shareholder dividend. According to reports, the bank’s Q2 earnings are higher year over year, reflecting improved results relative to the prior-year quarter. Alongside the profit increase, the bank announces a dividend increase, moving to a quarterly dividend of $1.32 per share. The change represents an increase of 8 cents per share from the previous quarterly rate, as reported by both outlets. The reports present the profit improvement and dividend raise together, indicating the bank’s confidence in its earnings outlook for the period. No additional details about revenue, expense changes, or segment performance are included in the provided excerpts. The dividend increase is described in terms of the per-share amount and the year-over-year comparison, while the profit figures are characterized as higher than in the previous year’s second quarter.
National Bank reports higher Q2 profit and raises quarterly dividend
National Bank of Canada reports that its second-quarter profit rises compared with the same period last year and that it is increasing its shareholder dividend. According to reports, the bank’s Q2 ear...
- National Bank reports higher second-quarter profit than in the same quarter last year.
- The bank raises its quarterly dividend.
- The new quarterly dividend is $1.32 per share.
- The dividend increase is $0.08 per share (8 cents).
- Both outlets link the higher earnings with the decision to increase the dividend.
Will now pay a quarterly dividend of $1.32 per share, up 8 cents
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