BNC shares: price, dividends and performance

James Rodriguez James Rodriguez  updated on 2022-06-15

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National Bank of Canada shares are a very attractive yield stock to hold in a stock portfolio.

How much can you make with BNC stock?

Get up-to-date and precise information on BNC stock with its current price, dividend yield, analysis and our opinion.

This page is for information purposes only and does not constitute investment advice. Remember that investing can be risky.

Want to buy shares in BNC: Our key take-aways

Stock Exchange: Toronto Stock Exchange

  • Stock Index: S&P/TSX
  • Dividend 2021: $3.00
  • Dividend forecast 2022: $3.10
  • Performance over 1 year: +36.38%.

Should I buy BNC stock?

BNC or National Bank of Canada is one of the most interesting Canadian stocks of the moment in terms of yield, given its very interesting dividend, which is expected to increase in the coming years. The BNC stock indeed offers an interesting dividend in terms of yield and growth, which exceeds the guaranteed rates of the main savings products on the market.
But this stock is also a performance stock whose price is expected to rise by analysts covering the file.
Moreover, according to the consensus, BNC's share price could also gain points in the medium and long-term and thus allow for future capital gains.

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How can I buy shares in BNC ?  

To buy BNC on the stock market:

  1. Find an online broker offering stock investments.
  2. Open your trading account by filling out a simple form.
  3. Deposit funds into your account.
  4. Search for the stock
  5. Place a buy order to add BNC to your stock portfolio.

To invest in BNC, you can go through a traditional investment firm, an online brokerage or speak with a financial advisor.

How much are BNC shares?

See price chart below to follow BNC stock price in real time.

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Why BNC shares could go up:

Several elements are currently supporting a probable rise in BNC's share price and here are the main ones:

  • Increased profitability: the results of the last quarter of the past fiscal year show an increase in the bank's profitability, with profits exceeding expectations.
  • A favourable consensus: the majority of analysts working on BNC are in favour of a continuation of the upward trend in this stock.
  • Attractive Dividend: The fact that National Bank of Canada pays an attractive dividend yield that is both steady and rising over time is another reason why investors may be interested in this stock.
  • A valued price target: the average price target set by the various analysts suggests that BNC's share price will increase significantly in the medium and long-term.
  • A good diversity of activities: the portfolio of products and services offered by BNC is complete enough to meet a range of market demands and needs. Thus, the group can expect to increase its growth in the coming years.

Why BNC shares could go down:

Of course, BNC stock also has a few flaws that you should be aware of and that can influence its price downward:

  • Strong competition: For example, the group is facing strong competition from many Canadian and American players.
  • Weak international presence: the group's revenue are still very strongly exposed to the Canadian and American markets, with little presence in the rest of the world, which may represent a long-term danger.
  • A lack of dynamic growth: finally, even if the growth of the group's revenue and profits is real, it still lacks dynamism with forecasts still impacted by the Covid-19 pandemic that affected the banking sector last year.

Can I buy BNC stock online?

Yes! You can buy BNC shares online. For many buys this is the best way to do it. Here's why:

  • The commissions are lower
  • You can choose your own investments
  • You benefit from analysis and decision support tools
  • You can invest in stocks directly or through derivatives like ETFs.

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Save almost $500 in fees using the code: 50TRADESFREE

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How can I sell my BNC shares? 

You can only sell BNC shares for cash if you hold them in your stock portfolio.
Traditional investment vehicles do not allow short selling, other than in a margin account. You can also use derivatives such as options or CFDs to bet on a decline in the stock price.

What investment vehicles in Canada can hold BNC stock? 

BNC shares can be placed in several different savings vehicles including" 

  • RRSPs: these registered retirement savings plans offer funds that are accessible at the time of retirement and offer an income tax deferral.
  • TFSAs: tax-free savings accounts is an incredibly popular short-and long-term tax-free investment vehicle.
  • Margin accounts: This account offers leverage and allows you to borrow against the value of the securities you hold to make other investments. It allows you to sell short.
  • Cash accounts: This account allows you to trade stocks on North American markets only. 

While it is possible to buy only National Bank of Canada or BNC stocks individually, it is also possible to invest in this stock in addition to other stocks in the same or different sectors.
You can use ETFs or preferred stock ETFs or a sector ETF for this.

BNC share price history over 10 years:

Time periodGrowthHighLow
1 week1.49%101.4397.95
1 month0.0455%101.4394.11
3 months-2.13%106.1094.11
6 months0.0583%106.1092.12
1 year0.3638%106.1071.57
3 years68.24%106.1038.67
5 years0.8131%106.1038.67
BNC 10-year performance

BNC dividends and payment dates

BNC Group's recent dividend payment to its shareholders was $0.71 per share, the last of four annual payments in 2021 for fiscal 2020.
The first three quarterly dividend payments were the same amount, bringing the total dividend paid in 2021 to $2.84.
National Bank of Canada's dividend payment policy is quarterly, which means four payments per year.
The first dividend payment of 2022 will be made in February and will amount to $0.87 per share, for a total annual dividend forecast of $3.12 per share.

Dividend: payout 2021Payout 1Payout 2Payout 3Payout 4
Ex-dividend date23/12/202026/03/202125/06/202124/09/2021
Date:01/02/202101/05/202101/08/202101/11/2021
Dividend per stock$0.71 per stock$0.71 per stock$0.71 per stock$0.71 per stock
BNC 2021 Dividends: dates and amounts
Dividend: payout 2022Payout 1Payout 2Payout 3Payout 4
Ex-dividend date23/12/2021PendingPendingPending
Date:01/02/2022PendingPendingPending
Dividend per stock$0.87 per actionPendingPendingPending
BNC 2022 Dividends: dates and amounts

What is the dividend yield for BNC over the last 10 years?

YearDividend amountVariancePerformance
20123.1610.44%11.89
20133.5412.02%11.14
20141.92-45.76%5.19
20152.6236.45%8.31
20162.765.07%6.16
20172.32-15.94%4.32
20182.455.60%4.91
20192.7211.02%4.06
20202.844.95%4.13
20213.005.63%3.09
BNC divident history

The yield on BNC shares is obtained by dividing the annual dividend by the annual average price.

A stock's yield provides key information about a company's dividend policy and its evolution over time and performance.

Annual gross shareholder return = Total dividend for the year ÷ average share price for the same year

The 10-year average return = Sum of annual returns ÷ 10

What analysts are saying about BNC stock:

A critical analysis of BNC stock:

The medium to long-term fundamental analysis of National Bank of Canada stock offers many positives and a few negatives:

  • Strong profitability: with high profit margins, National Bank of Canada's profitability is among the strongest in the sector. Earnings multiples are particularly attractive.
  • Increased revenue forecasts: analysts working on this issue have recently revised upwards their revenue forecasts for the coming years.
  • Attractive average price target: Analysts' forecasts for BNC's share price target are also positive, with an average target of CAD 107.55. Earnings per share (EPS) forecasts have been revised upward several times this year.
  • Good earnings visibility: all analysts' forecasts are in line with each other, which shows good visibility on the bank's future results.
  • Relatively weak growth: although National Bank of Canada's financial results are expected to increase in the coming years, this growth could be relatively weak compared to other similar companies.

A technical analysis of BNC stock:

The technical analysis of BNC stock is mostly leaning towards a long-term rise in the price of this stock.

  • The RSI is at 57.59 and thus sends a strong buy signal.
  • The simple and exponential moving averages MA5 and MA10 are sending a sell signal, but the other moving averages MA20, MA50, MA100 and MA200 are all sending a bullish signal.
  • The MACD is also sending an interesting buy signal and is at 0.59.
  • The next technical resistances for this stock are currently at 26.04 and 26.33 CAD and the technical supports are located at 25.20 and 24.65 CAD.

Who is BNC?

The National Bank of Canada or NBC, also known as The Bank, is a banking group offering financial services to individuals, businesses and governments across Canada.

The different sectors of activity in which NBC operates are as follows

  • Personal and Commercial Banking, which generates 33.8% of revenue and includes banking, financing and investment services for individuals, advisors and businesses, as well as insurance operations.
  • The wealth management segment, which generates 19.9% of Group revenue and covers investment solutions, fiduciary services, banking services, lending services and other wealth management solutions through internal and external distribution networks.
  • The Financial Markets segment, which generates 19.7% of revenue and covers corporate banking, investment banking and financial solutions for large and medium-sized companies and institutional investors.
  • Finally, the SSF&I segment generates 9.2% of revenue and includes the specialized financing services offered by the subsidiary Credigy as well as the activities of the subsidiary ABA Bank.

The banking group currently employs over 26,920 people and generates 69.6% of its revenue in Canada, 6.7% in the United States and 5.6% in the rest of the world.

Who are BNC’s competitors?

Today, NBC is one of the leading banks in Canada and North America. But it faces some competitors, including:

  • TD Bank: The Toronto-Dominion Bank or TD Bank is one of the most important in Canada and was the very first bank in Toronto. It also has a large portion of its operations in the United States and is one of the largest insurance institutions in Canada.
  • RBC: Royal Bank of Canada or RBC is part of the RBC Financial Group, along with its subsidiaries. It is the largest bank in this sector in Canada in terms of assets and market capitalization. RBC is also one of North America's leading diversified financial services companies.
  • Scotiabank: Scottiabank or Bank of Nova Scotia is currently one of the largest financial institutions in North America as well as the most international Canadian bank.
  • BMO: The Bank of Montreal or BMO is a financial institution created in 1817 and is therefore the oldest Canadian bank. It has over 1,100 branches across the country.
  • CIBC: the Canadian Imperial Bank of Commerce is also one of the country's largest banks and has international activities, with a strong presence in the United States and the United Kingdom.
  • Desjardins: Finally, the Mouvement des Caisses Desjardins is a system of credit unions and is today considered one of the largest financial institutions in the world.

Who are BNC’s partners?

The National Bank of Canada group regularly enters into strategic partnerships with other companies. Its current partners are:

  • QI: Quebec International recently signed a partnership with BNC that will support various initiatives organized by QI in order to support companies in the region through their business development and growth.
  • Zu: the group is also a long-time partner of Zu and the two companies are currently continuing their collaboration to support creative entrepreneurs by providing $700,000 in financial support to Zu for the growth and commercialization of creative industries in innovation and recovery.
  • URBANIA: Several years ago, the National Bank of Canada introduced Quatre95, an URBANIA media created in collaboration with ADVISO. This media dealing with money has become very popular, which led to the renewal of the partnership between the two entities recently.
  • Crédit Agricole: The BNC has also partnered with Crédit Agricole since 1996 in the corporate field and have recently expanded this partnership to the corporate field to facilitate their banking journey between France and Canada.
  • Tennis Canada: The BNC has also announced a strategic collaboration with Tennis Canada in the context of the implementation of a strategy for the next ten years and with the aim of promoting gender equality in Tennis.