Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Tuesday, August 29th, RTT News reports. Shareholders of record on Wednesday, November 1st will be given a dividend of 0.90 per share by the bank on Tuesday, November 28th. This represents a $3.60 annualized dividend and a yield of 3.89%.

Bank of Montreal (TSE:BMO) traded down 2.22% during midday trading on Tuesday, reaching $90.38. 967,472 shares of the company’s stock traded hands. The stock has a 50-day moving average of $94.57 and a 200 day moving average of $96.57. Bank of Montreal has a 52-week low of $83.43 and a 52-week high of $104.15. The company has a market cap of $58.93 billion and a P/E ratio of 11.37.

A number of analysts recently weighed in on BMO shares. Scotiabank dropped their target price on Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating for the company in a research report on Thursday, May 25th. TD Securities raised Bank of Montreal from a “hold” rating to a “buy” rating and set a C$105.00 price target on the stock in a research note on Thursday, June 1st. Barclays PLC raised Bank of Montreal from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada decreased their price target on Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 25th. Finally, CIBC decreased their price target on Bank of Montreal from C$109.00 to C$105.00 in a research note on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$100.36.

COPYRIGHT VIOLATION NOTICE: “Bank of Montreal (BMO) Declares Quarterly Dividend of $0.90” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/29/bank-of-montreal-bmo-declares-quarterly-dividend-of-0-90.html.

In other news, insider David Robert Casper sold 17,005 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of C$93.36, for a total transaction of C$1,587,586.80. Also, Director La Flèche Eric Richer bought 2,000 shares of Bank of Montreal stock in a transaction dated Monday, June 19th. The shares were acquired at an average cost of C$93.82 per share, for a total transaction of C$187,640.00.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company’s personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

Dividend History for Bank of Montreal (TSE:BMO)

Receive News & Stock Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related stocks with our FREE daily email newsletter.