Bank of Montreal (BMO) To Go Ex-Dividend on July 30th

Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 26th will be given a dividend of 1.71 per share by the bank on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, July 30th. This is a 2.4% increase from Bank of Montreal’s previous quarterly dividend of $1.67.

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$252.12 on Tuesday. The business has a 50 day simple moving average of C$240.02 and a 200 day simple moving average of C$211.11. The company has a market capitalization of C$177.72 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.22. Bank of Montreal has a one year low of C$151.06 and a one year high of C$258.21.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 earnings per share for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The firm had revenue of C$9.57 billion for the quarter. Equities analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BMO has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. National Bank Financial boosted their price target on shares of Bank of Montreal from C$223.00 to C$236.00 and gave the company a “sector perform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce upped their price objective on shares of Bank of Montreal from C$226.00 to C$244.00 and gave the stock an “outperformer” rating in a research note on Thursday, May 28th. TD raised their price objective on shares of Bank of Montreal from C$234.00 to C$239.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Raymond James Financial lifted their target price on shares of Bank of Montreal from C$227.00 to C$233.50 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$226.46.

About Bank of Montreal

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.