Bank Of Montreal (BMO) To Go Ex-Dividend on April 29th

Bank Of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Wednesday, April 29th will be paid a dividend of 1.67 per share by the bank on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, April 29th.

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 annually for the last 4 consecutive years. Bank Of Montreal has a payout ratio of 52.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank Of Montreal to earn $9.02 per share next year, which means the company should continue to be able to cover its $4.86 annual dividend with an expected future payout ratio of 53.9%.

Bank Of Montreal Stock Performance

Shares of BMO stock opened at $148.67 on Friday. Bank Of Montreal has a 1 year low of $85.40 and a 1 year high of $149.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average price of $137.18 and a 200 day moving average price of $129.02. The stock has a market cap of $105.00 billion, a PE ratio of 17.27, a P/E/G ratio of 1.03 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.18%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 EPS. Sell-side analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current fiscal 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.