Bank of Montreal (TSE:BMO) Declares $1.59 Quarterly Dividend

Bank of Montreal (TSE:BMO) (NYSE:BMO) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Tuesday, April 29th will be given a dividend of 1.59 per share by the bank on Tuesday, May 27th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.47%.

Bank of Montreal Stock Performance

Shares of TSE:BMO opened at C$142.35 on Tuesday. The firm has a 50 day simple moving average of C$141.62 and a 200 day simple moving average of C$130.40. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$147.54. The company has a market cap of C$103.10 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BMO shares. Scotiabank lowered their price target on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. CIBC increased their target price on shares of Bank of Montreal from C$150.00 to C$154.00 in a research report on Tuesday, February 18th. Canaccord Genuity Group lifted their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$126.00 to C$140.00 in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$139.50.

Insider Transactions at Bank of Montreal

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