Bank of Montreal (TSE:BMO) (NYSE:BMO) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Thursday, February 1st will be given a dividend of 0.93 per share by the bank on Tuesday, February 27th. This represents a $3.72 dividend on an annualized basis and a yield of 3.74%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90.

Bank of Montreal (BMO) traded up C$0.11 during mid-day trading on Tuesday, reaching C$99.59. 1,235,285 shares of the company were exchanged, compared to its average volume of 1,446,014. Bank of Montreal has a twelve month low of C$88.63 and a twelve month high of C$104.15.

In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$94.81, for a total value of C$189,620.00. Also, Director Philip Orsino acquired 17,800 shares of Bank of Montreal stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average cost of C$89.12 per share, for a total transaction of C$1,586,336.00.

A number of equities analysts recently issued reports on BMO shares. CIBC lowered their price objective on shares of Bank of Montreal from C$101.00 to C$100.00 in a research report on Wednesday, August 30th. Barclays upped their price objective on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Scotiabank lowered their price objective on shares of Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Finally, Canaccord Genuity lowered their price objective on shares of Bank of Montreal from C$103.00 to C$99.00 in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$100.69.

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Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Dividend History for Bank of Montreal (TSE:BMO)

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