MONTREAL, April 5, 2024 /CNW/ - National Bank of
Canada (TSX: NA) is issuing this
release following questions received regarding the record date and
payment date for common and preferred shares.
National Bank wishes to confirm that it will pay,
as previously disclosed by National Bank and by CDS Clearing and
Depositary Services Inc. ("CDS"), the May 1,
2024 dividend to common shareholders of record on
March 25, 2024.
As previously announced on February 28, 2024, the Board of Directors of
National Bank has declared a quarterly dividend of $1.06 per common share payable on May 1, 2024 to shareholders of record on
March 25, 2024. This announcement was
widely disseminated, including by press release and on National
Bank's website.
Further to this announcement, CDS issued a
bulletin on February 29, 2024
notifying all CDS participants of the May 1,
2024 dividend payment date and the March 25, 2024 record date.
This information was also disseminated by
financial news providers and was therefore available to TSX
participating organizations, the financial community and other
market participants. For this reason, National Bank is of the view
that the market accurately reflected this information in its
trading.
However, on April 4,
2024, the TSX issued administrative releases notifying
market participants of a late dividend notification.
National Bank confirms that the common shareholders of record on
March 25, 2024 will receive the
May 1, 2024 dividend. Also, as stated
in the February 28, 2024 press
release, preferred shareholders of record on April 5, 2024 will receive the dividend on
May 15, 2024. For further
clarification, all common and preferred shareholders can refer to
the press release dated February 28,
2024, available on National Bank's website.
About National Bank of Canada
With $434 billion in assets as at January 31, 2024, National Bank of Canada is one of Canada's six systemically important banks. The
Bank has approximately 30,000 employees in knowledge-intensive
positions and operates through three business segments in
Canada: Personal and Commercial
Banking, Wealth Management and Financial Markets. A fourth segment,
U.S. Specialty Finance and International, complements the growth of
its domestic operations. Its securities are listed on the Toronto
Stock Exchange (TSX: NA). Follow the Bank's activities at
nbc.ca or via social media.
SOURCE National Bank of Canada