Bank of Montreal (TSE:BMO) Plans $1.51 Quarterly Dividend

Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders of record on Monday, April 29th will be paid a dividend of 1.51 per share by the bank on Tuesday, May 28th. This represents a $6.04 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Friday, April 26th.

Bank of Montreal Price Performance

Shares of TSE BMO opened at C$127.24 on Thursday. The stock has a market capitalization of C$92.30 billion, a PE ratio of 17.50, a P/E/G ratio of 0.54 and a beta of 1.18. Bank of Montreal has a one year low of C$102.67 and a one year high of C$133.95. The business’s fifty day moving average price is C$128.01 and its 200-day moving average price is C$122.04.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Tuesday, February 27th. The bank reported C$2.56 EPS for the quarter, missing the consensus estimate of C$3.03 by C($0.47). The business had revenue of C$7.67 billion for the quarter, compared to analysts’ expectations of C$8.57 billion. Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. As a group, equities analysts expect that Bank of Montreal will post 11.3809947 EPS for the current fiscal year.

Insider Transactions at Bank of Montreal

In related news, Director Darrel Hackett sold 3,297 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$91.76, for a total value of C$302,532.72. In other Bank of Montreal news, Director Darrel Hackett sold 3,297 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$91.76, for a total value of C$302,532.72. Also, Senior Officer Nadim Hirji sold 2,882 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$130.46, for a total transaction of C$375,985.72. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BMO. National Bankshares cut their price objective on shares of Bank of Montreal from C$141.00 to C$137.00 in a report on Wednesday, February 28th. Canaccord Genuity Group cut their price target on Bank of Montreal from C$137.00 to C$136.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada dropped their price objective on Bank of Montreal from C$134.00 to C$130.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Scotiabank reduced their target price on Bank of Montreal from C$145.00 to C$141.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, TD Securities lowered their price target on shares of Bank of Montreal from C$140.00 to C$135.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$132.39.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.