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

Bank of Montreal (TSE:BMO) (NYSE:BMO) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Wednesday, February 26th will be given a dividend of 1.59 per share by the bank on Wednesday, February 26th. This represents a $6.36 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, January 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.55.

Bank of Montreal Price Performance

TSE:BMO opened at C$144.90 on Tuesday. The firm’s 50-day moving average price is C$138.82 and its 200-day moving average price is C$126.71. The company has a market capitalization of C$105.69 billion, a PE ratio of 16.67, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54.

Analysts Set New Price Targets

BMO has been the subject of a number of analyst reports. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$147.00 to C$160.00 in a research note on Friday, December 6th. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. National Bankshares lifted their price objective on Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. CIBC raised Bank of Montreal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$134.00 to C$150.00 in a research note on Friday, December 6th. Finally, TD Securities raised their price target on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$135.92.

Insider Activity at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 0.03% of the stock is owned by company insiders.

Bank of Montreal Company Profile

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.