National Bank of Canada
TSX : NA

National Bank of Canada

December 08, 2011 07:47 ET

National Bank Increases the Dividend on Its Common Shares

MONTREAL, QUEBEC--(Marketwire - Dec. 8, 2011) - National Bank of Canada's (TSX:NA) Board of Directors announces today an increase of the dividend on its common shares from $0.71 to $0.75 per common share for the quarter ending January 31, 2012. This dividend will be payable on February 1st, 2012 to holders of record of common shares on December 29, 2011.

The Board of Directors also declares quarterly dividends on the following series of first preferred shares. These dividends are payable on February 15, 2012 to holders of record of first preferred shares on January 13, 2012.

Series Ticker symbol (TSX) Dividend number Dividends per share
15 NA.PR.K No. 35 $ 0.365625
16 NA.PR.L No. 27 $ 0.303125
20 NA.PR.M No. 15 $ 0.375
21 NA.PR.N No. 14 $ 0.33594
24 NA.PR.O No. 12 $ 0.4125
26 NA.PR.P No. 12 $ 0.4125

The above-mentioned dividends on the common and preferred shares are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar applicable provincial legislation.

At no cost, eligible shareholders may elect to reinvest their common shares dividends in common shares in accordance with the Bank's Dividend Reinvestment and Share Purchase Plan. For more information, please contact Computershare Trust Company of Canada at 1-888-838-1407. Beneficial or non-registered common and preferred shareholders must contact their financial institution or broker for instructions on how to participate in such Plan.

About National Bank of Canada

National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $156 billion in assets and, together with its subsidiaries, employs 19,431 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at www.nbc.ca. To access National Bank of Canada's financial education portal, visit www.clearfacts.ca.

The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.

Contact Information

  • Claude Breton
    Senior Manager
    Public Affairs
    National Bank
    514-394-8644

    Helene Baril
    Senior Director
    Investor Relations
    National Bank
    514-394-0296