NTIOF - National Bank Of Canada: An Appealing 4% Yield With A Payout Ratio Of Less Than 50%

Introduction

I checked out National Bank of Canada (NTIOF) (NTIFF) when the bank released its Q2 results in May and decided I would keep a finger on the pulse as the bank was trading at just 8 times its normalized earnings profile while maintaining a 5% dividend yield. I missed out on the opportunity back then but hope I can get a second chance to initiate a long position.

Data by YCharts

National Bank of Canada is a large Canadian bank with a current market capitalization of almost C$24B. The bank

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