Bank of Montreal (BMO) To Go Ex-Dividend on October 31st
Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Tuesday, August 29th, RTT News reports. Investors of record on Wednesday, November 1st will be paid a dividend of 0.90 per share by the bank on Tuesday, November 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, October 31st.
Shares of Bank of Montreal (BMO) traded down 0.02% during midday trading on Monday, hitting $100.01. The company had a trading volume of 1,282,357 shares. The stock’s 50-day moving average price is $95.29 and its 200-day moving average price is $94.52. Bank of Montreal has a one year low of $83.58 and a one year high of $104.15. The stock has a market capitalization of $64.91 billion and a price-to-earnings ratio of 12.30.
Several research analysts recently issued reports on BMO shares. Barclays PLC raised their target price on Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Scotiabank lowered their target price on 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. Canaccord Genuity raised their target price on Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. Finally, CIBC lowered their target price on Bank of Montreal from C$101.00 to C$100.00 in a research report on Wednesday, August 30th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$100.38.
In other Bank of Montreal news, insider Joanna Michelle Rotenberg sold 4,250 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$93.00, for a total transaction of C$395,250.00. Also, Director Philip Orsino purchased 17,800 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of C$89.12 per share, with a total value of C$1,586,336.00.
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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.
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