Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90.

Shares of Bank of Montreal (BMO) opened at C$103.03 on Tuesday. The firm has a market cap of $66,750.00, a PE ratio of 13.01 and a beta of 0.71. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$105.55.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings data on Tuesday, December 5th. The bank reported C$1.94 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.05). Bank of Montreal had a net margin of 25.41% and a return on equity of 13.54%.

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday, December 6th. Scotiabank boosted their price objective on shares of Bank of Montreal from C$112.00 to C$114.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. 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. Eight Capital boosted their price objective on shares of Bank of Montreal from C$101.00 to C$106.00 in a research report on Wednesday, December 6th. Finally, CSFB boosted their price objective on shares of Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$106.58.

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About Bank of Montreal

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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