Bank Of Montreal (BMO) To Go Ex-Dividend on October 30th

Bank Of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Tuesday, August 25th. Shareholders of record on Friday, October 30th will be paid a dividend of 1.71 per share by the bank on Thursday, November 26th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, October 30th.

Bank Of Montreal has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Bank Of Montreal has a payout ratio of 52.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bank Of Montreal to earn $11.84 per share next year, which means the company should continue to be able to cover its $4.81 annual dividend with an expected future payout ratio of 40.6%.

Bank Of Montreal Stock Performance

NYSE BMO opened at $172.83 on Thursday. The company has a 50-day simple moving average of $177.88 and a two-hundred day simple moving average of $159.11. Bank Of Montreal has a 12-month low of $118.13 and a 12-month high of $187.22. The firm has a market cap of $120.49 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.06 and a beta of 0.94. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. The firm had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.62 earnings per share. On average, equities analysts forecast that Bank Of Montreal will post 10.49 EPS for the current year.

About Bank Of Montreal

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.