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Bank of Montreal (NYSE:BMO) announced a quarterly dividend on Tuesday, August 26th, reports. Shareholders of record on Monday, November 3rd will be paid a dividend of 0.7111 per share on Wednesday, November 26th. This represents a $2.84 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, October 30th.

BMO has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Bank of Montreal in a research note on Tuesday, August 19th. They now have a $84.00 price target on the stock, up previously from $80.00. On a related note, analysts at Credit Suisse downgraded shares of Bank of Montreal from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 31st. Finally, analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 29th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $76.50.

Bank of Montreal (NYSE:BMO) traded up 0.09% during mid-day trading on Tuesday, hitting $74.86. The stock had a trading volume of 553,018 shares. Bank of Montreal has a 52 week low of $60.34 and a 52 week high of $76.72. The stock has a 50-day moving average of $74.53 and a 200-day moving average of $69.9. The company has a market cap of $48.285 billion and a P/E ratio of 12.54.

Bank of Montreal (NYSE:BMO) last released its earnings data on Tuesday, August 26th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.51 by $0.06. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Bank of Montreal will post $6.55 earnings per share 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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