1
Derived from payout historyIncome reliability
Quarterly income profile is visible
NA.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
NA.TO
National Bank of Canada
FinancialsPlain dividendQuarterly
Market Snapshot
$224.32
+$1.22 (54.68%)
Toronto
Yield
2.35%
Rate $5.28
Next Payment
Next pay in 39 days
Ex-date 2026-06-29
52wk Position
97.91%
-0.83% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $132.00
- APR
- 0.588
- Coverage
- 0.588
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $132.00
- Cushion
- -$92.32
- Cushion %
- -41.16%
Current $224.32Break $132.00
Smart Recommendation
NA.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
1mo agoDRIP availability
Available
1mo agoTax character
Eligible dividend
1mo agoDistribution history
Multi-decade
1mo agoStructure complexity
Simple
1mo agoIncome trend
Growing
1mo agoAccount suitability
Non-reg: eligible div
1mo agoStructure Overview
National Bank of Canada (NA) is the sixth-largest Canadian bank, focused primarily on Quebec and Eastern Canada with a growing presence in specialty financial services and international markets. NA has delivered among the highest dividend growth rates of the Big Six in recent cycles. Eligible dividends are paid quarterly.
Canadian Planning Notes
- 1NA's Quebec concentration has historically provided a stable regional deposit base with lower credit cycle volatility than some nationally exposed peers.
- 2Eligible dividends qualify for both federal and provincial (Quebec) dividend tax credits for Quebec residents; verify provincial rates with a tax professional.
- 3NA's smaller size relative to the top five means less international diversification but also less U.S. credit exposure; consider how this fits your broader income portfolio.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
Carry this holding into a calculator
Use a planning tool that matches this holding's structure, payout timing, and income use case.
Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.