The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

National Bank increases the dividend on its common shares

Thursday, December 06, 2012

National Bank increases the dividend on its common shares07:22 EST Thursday, December 06, 2012MONTREAL, Dec. 6, 2012 /CNW Telbec/ - National Bank of Canada's (TSX: NA) Board of Directors announces today an increase of the dividend on its common shares from $0.79 to $0.83 per common share for the quarter ending January 31, 2013.  This dividend will be payable on February 1st, 2013 to holders of record of common shares on December 27, 2012.The Board of Directors also declares quarterly dividends on the following series of first preferred shares. These dividends are payable on February 15, 2013 to holders of record of first preferred shares on January 11, 2013, except for holders of first preferred shares series 15 to whom the dividend described below is payable on January 15, 2013, as a result of the redemption by National Bank of the first preferred shares series 15 that was announced earlier this day. Series  Ticker symbol (TSX)  Dividend number  Dividends per share 15NA.PR.KNo. 39$0.24442(1)16NA.PR.LNo. 31$0.30312520NA.PR.MNo. 19$0.37521NA.PR.NNo. 18$0.3359424NA.PR.ONo. 16$0.412526NA.PR.PNo. 16$0.412528NA.PR.QNo. 1$0.2603(1) This amount represents a dividend for the period ending January 15, 2013.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 CanadaWith $178 billion in assets as at October 31, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the five strongest banks in the world by Bloomberg Markets. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca. SOURCE: National Bank of CanadaFor further information: (The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.) Claude Breton  Senior Director, Public Affairs  National Bank of Canada  Tel.: 514-394-8644    Hélène Baril Senior Director, Investor Relations National Bank of Canada Tel.: 514-394-0296