National Bank of Canada stock: dividend
NA.TONational Bank of Canada paid $3.59 per share over the last twelve months, 2.36% on the price, and has not cut its dividend for 22 years.
Daily figure as of 13 Nov 2026
The amounts for the last 12 months and for fiscal 2025 differ if the company has raised or cut its dividend since then.
For banks and insurers we do not show whether free cash flow covers the dividend: there it mostly reflects movements in loans and deposits. The score leaves it out as well.
Dividend dates and payments
Anyone holding the stock on the day before the ex-dividend date receives the dividend. Amounts are per share, before tax.
All 20 payments of the last five years
| Ex-dividend date | Payment date | Dividend per share |
|---|---|---|
| 28 Sep 2026 | 1 Nov 2026 | $0.9264 |
| 29 Jun 2026 | 1 Aug 2026 | $0.9264 |
| 30 Mar 2026 | 1 May 2026 | $0.8703 |
| 29 Dec 2025 | 1 Feb 2026 | $0.8703 |
| 29 Sep 2025 | 1 Nov 2025 | $0.8281 |
| 30 Jun 2025 | 1 Aug 2025 | $0.8281 |
| 31 Mar 2025 | 1 May 2025 | $0.8001 |
| 30 Dec 2024 | 1 Feb 2025 | $0.8001 |
| 27 Sep 2024 | 1 Nov 2024 | $0.7720 |
| 24 Jun 2024 | 1 Aug 2024 | $0.7720 |
| 5 Apr 2024 | 1 May 2024 | $0.7439 |
| 21 Dec 2023 | 1 Feb 2024 | $0.7439 |
| 22 Sep 2023 | 1 Nov 2023 | $0.7159 |
| 23 Jun 2023 | 1 Aug 2023 | $0.7159 |
| 24 Mar 2023 | 1 May 2023 | $0.6808 |
| 22 Dec 2022 | 1 Feb 2023 | $0.6808 |
| 23 Sep 2022 | 1 Nov 2022 | $0.6457 |
| 24 Jun 2022 | 1 Aug 2022 | $0.6457 |
| 25 Mar 2022 | 1 May 2022 | $0.6106 |
| 23 Dec 2021 | 1 Feb 2022 | $0.6106 |
Is today's dividend yield unusually high?
Dividend yield today
2.36%
lower than in recent years$3.59 dividend per share over the last twelve months on a price of $152.05
Today 2.36%, on average over fiscal years 2016 to 2025 3.89% (range 2.77 to 4.62%). That is lower than in each of the last 10 fiscal years.
Since the end of fiscal 2025 on 31 Oct 2025, the price has risen more than the dividend, so the yield has fallen.
- Fiscal year
- Today, last 12 months
For each fiscal year, the dividend per share for that year divided by the closing price on the last trading day of the fiscal year. The dashed line is the average (median) of the fiscal years.
Dividend development
Dividend per share
Payout ratio
- of earnings
Figures as a table
| Year | Dividend per share | Earnings per share |
|---|---|---|
| 2006 | $0.69 | $1.83 |
| 2007 | $0.80 | $1.14 |
| 2008 | $0.87 | $1.65 |
| 2009 | $0.87 | $1.74 |
| 2010 | $0.87 | $2.11 |
| 2011 | $0.96 | $2.46 |
| 2012 | $1.08 | $3.30 |
| 2013 | $1.19 | $3.05 |
| 2014 | $1.32 | $3.06 |
| 2015 | $1.43 | $3.20 |
| 2016 | $1.53 | $2.32 |
| 2017 | $1.60 | $3.82 |
| 2018 | $1.71 | $4.22 |
| 2019 | $1.87 | $4.48 |
| 2020 | $1.99 | $4.02 |
| 2021 | $1.99 | $6.28 |
| 2022 | $2.51 | $6.82 |
| 2023 | $2.79 | $6.65 |
| 2024 | $3.03 | $7.57 |
| 2025 | $3.26 | $7.14 |
The dividend per share is shown under the fiscal year it was paid for, even when it is paid after that year ends. Special dividends are not included.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Oct 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CA$1.4249)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 22 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.