Bank of Montreal (BMO) Plans Quarterly Dividend of $0.69
Bank of Montreal (NYSE:BMO) declared a quarterly dividend on Tuesday, February 25th, AnalystRatings.NET reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.686 per share on Tuesday, May 27th. This represents a $2.74 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, April 29th.
A number of research firms have recently commented on BMO. Analysts at RBC Capital initiated coverage on shares of Bank of Montreal in a research note on Friday, January 3rd. They set an “outperform” rating and a $76.00 price target on the stock. Analysts at Zacks downgraded shares of Bank of Montreal from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 10th. They now have a $64.20 price target on the stock. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Bank of Montreal currently has an average rating of “Hold” and an average price target of $66.80.
Bank of Montreal (NYSE:BMO) traded down 0.08% on Tuesday, hitting $65.54. 410,204 shares of the company’s stock traded hands. Bank of Montreal has a 52-week low of $55.61 and a 52-week high of $71.26. The stock has a 50-day moving average of $64.37 and a 200-day moving average of $66.02. The company has a market cap of $42.208 billion and a P/E ratio of 10.28.
Bank of Montreal (NYSE:BMO) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.37 by $0.08. Analysts expect that Bank of Montreal will post $6.31 EPS for the current fiscal year.
Bank of Montreal (NYSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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