MONTREAL, May 27, 2014 /CNW Telbec/ - National Bank of Canada's (TSX: NA) Board of Directors announces today an increase of the dividend on its common shares from $0.46 to $0.48 per common share for the quarter ending July 31, 2014. This dividend will be payable on August 1(st), 2014 to holders of record of common shares on June 26, 2014. The Board of Directors also declares quarterly dividends on the following series of first preferred shares. These dividends are payable on August 15, 2014 to holders of record of first preferred shares on July 11, 2014. _____________________________________________________________ |Series|Ticker symbol(TSX)|Dividend number|Dividends per share| |______|__________________|_______________|___________________| | 16 |NA.PR.L |No. 37 |$0.303125 | |______|__________________|_______________|___________________| | 20 |NA.PR.M |No. 24 |$0.375 | |______|__________________|_______________|___________________| | 28 |NA.PR.Q |No. 6 |$0.2375 | |______|__________________|_______________|___________________| | 30 |NA.PR.S |No. 2 |$0.25625 | |______|__________________|_______________|___________________| 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 With $194 billion in assets as at April 30, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and has been named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (NA: TSX). 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 Canada (The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.): Claude Breton Vice-President, Public Affairs and Investors Relations National Bank of Canada Tel.: 514-394-8644 Hélène Baril Senior Director, Investor Relations National Bank of Canada Tel.: 514-394-0296 To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2014/27/c7128.html CO: National Bank of Canada ST: Quebec NI: FIN DIV FIN
National Bank increases the dividend on its common shares
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