Bank of Montreal Announces Quarterly Dividend of $1.59 (TSE:BMO)

Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Tuesday, April 29th will be given a dividend of 1.59 per share by the bank on Tuesday, May 27th. This represents a $6.36 annualized dividend and a yield of 4.26%.

Bank of Montreal Stock Performance

BMO opened at C$149.19 on Thursday. The firm’s fifty day moving average is C$142.00 and its two-hundred day moving average is C$130.90. The firm has a market cap of C$108.06 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08.

Wall Street Analyst Weigh In

BMO has been the topic of several analyst reports. CIBC increased their target price on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group raised their price objective on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday. Desjardins raised their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, National Bankshares raised their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bank of Montreal currently has an average rating of “Moderate Buy” and an average price target of C$148.23.

Insider Buying and Selling at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. Company insiders own 0.03% of the company’s stock.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.