Bank of Montreal (BMO) Announces Quarterly Dividend of C$0.76
Bank of Montreal (TSE:BMO) declared a Quarterly dividend on Thursday, January 30th, American Banking & Market News reports. Investors of record on Wednesday, February 26th will be given a dividend of 0.76 per share on Wednesday, February 26th. This represents a yield of 4.33%. The ex-dividend date of this dividend is Thursday, January 30th.
BMO has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Bank of Montreal in a research note to investors on Friday, January 3rd. They set an “outperform” rating and a C$76.00 price target on the stock. On the ratings front, analysts at TD Securities cut their price target on shares of Bank of Montreal from C$79.00 to C$78.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Bank of Montreal from C$78.00 to C$77.00 in a research note to investors on Wednesday, December 4th. They now have an “underperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Bank of Montreal currently has an average rating of “Hold” and an average price target of C$72.89.
Bank of Montreal (TSE:BMO) opened at 70.21 on Thursday. Bank of Montreal has a 1-year low of $58.68 and a 1-year high of $74.69. The stock’s 50-day moving average is $70.84 and its 200-day moving average is $69.18. The company has a market cap of $45.215 billion and a price-to-earnings ratio of 11.25.
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