Bank of Montreal Declares Quarterly Dividend of C$0.76 (BMO)
Bank of Montreal (TSE:BMO) announced a quarterly dividend on Tuesday, February 25th, American Banking News reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.76 per share on Tuesday, May 27th. This represents a $3.04 annualized dividend and a dividend yield of 4.18%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$66.00 to C$67.00 in a research note on Monday. They now have a “market perform” rating on the stock. On the ratings front, analysts at Scotiabank upgraded shares of Bank of Montreal to a “sector perform” rating in a research note on Wednesday, February 19th. Finally, analysts at CIBC raised their price target on shares of Bank of Montreal from C$77.00 to C$78.00 in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Bank of Montreal has an average rating of “Hold” and a consensus price target of C$73.00.
Shares of Bank of Montreal (TSE:BMO) traded up 0.59% on Tuesday, hitting $73.00. 317,729 shares of the company’s stock traded hands. Bank of Montreal has a one year low of $58.68 and a one year high of $74.69. The stock’s 50-day moving average is $70.92 and its 200-day moving average is $69.94. The company has a market cap of $47.012 billion and a P/E ratio of 11.57.
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