Bank of Montreal (NYSE:BMO) Raises Dividend to $0.78 Per Share

Share on StockTwits

Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.781 per share by the bank on Tuesday, November 26th. This represents a $3.12 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.77.

Bank of Montreal has raised its dividend payment by an average of 2.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

BMO traded up $0.57 on Wednesday, reaching $67.47. The company had a trading volume of 12,346 shares, compared to its average volume of 395,697. Bank of Montreal has a fifty-two week low of $62.79 and a fifty-two week high of $84.36. The stock has a market cap of $44.24 billion, a P/E ratio of 9.64, a P/E/G ratio of 2.71 and a beta of 1.16. The company’s fifty day moving average is $73.22 and its 200 day moving average is $75.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.03.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Tuesday, August 27th. The bank reported $1.79 EPS for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.07). Bank of Montreal had a net margin of 17.27% and a return on equity of 14.54%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same quarter last year, the company posted $2.31 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that Bank of Montreal will post 7.15 EPS for the current year.

A number of research analysts have issued reports on BMO shares. Barclays restated a “hold” rating on shares of Bank of Montreal in a research report on Tuesday, June 11th. Scotiabank restated a “hold” rating on shares of Bank of Montreal in a research report on Tuesday, August 20th. Howard Weil lowered shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, May 30th. Zacks Investment Research lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Scotia Howard Weill restated a “sector perform” rating on shares of Bank of Montreal in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $97.00.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.

Further Reading: Float

Dividend History for Bank of Montreal (NYSE:BMO)

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

InterCrone Market Cap Hits $25,573.00
InterCrone Market Cap Hits $25,573.00
Nxt Price Reaches $0.0129 on Exchanges
Nxt Price Reaches $0.0129 on Exchanges
Rivetz Trading Up 28.3% Over Last 7 Days
Rivetz Trading Up 28.3% Over Last 7 Days
Aptiv PLC  Receives $92.37 Consensus Target Price from Analysts
Aptiv PLC Receives $92.37 Consensus Target Price from Analysts
-$0.47 EPS Expected for Idera Pharmaceuticals Inc  This Quarter
-$0.47 EPS Expected for Idera Pharmaceuticals Inc This Quarter
Megacoin  Achieves Market Cap of $182,767.00
Megacoin Achieves Market Cap of $182,767.00


© 2006-2019 Ticker Report