Bank of Montreal

(TSE:BMO) Plans Quarterly Dividend of $1.39

On Thursday, BMO shares began trading at C$121.25. The stock has an 81.78 billion Canadian dollar market cap and a 6.65 P/E ratio.

On Tuesday, August 30th, Bank of Montreal (TSE:BMO - Get Rating) (NYSE:BMO) announced a quarterly dividend, according to RTT News.

The bank will distribute a 1.39 dividend per share to shareholders of November 1st on November 28. This has an annualised dividend of $5.56 and a yield of 4.59%. This dividend's ex-dividend date is Monday, October 31.

A 12-month low for Bank of Montreal is C$118.79 and a 12-month high is C$154.47. The company's 50-day and 200-day moving averages are each C$126.82 and C$135.99, respectively.

Brokerages have recently voiced their opinions about BMO. In a report on May 26th, Scotiabank increased their price target on shares of Bank of Montreal from C$158 to C$159.

In a report released on Wednesday, Veritas Investment Research lowered its rating on Bank of Montreal from "buy" to "reduce" and set a C$134 target price for the stock.

In a research note published on Wednesday, Canaccord Genuity Group lowered their price objective for shares of Bank of Montreal from C$152.50 to C$150.50.

The majority of the financial services offered by Bank of Montreal are in North America. Personal banking services and products offered by the company include checking and savings accounts, credit cards, and mortgages.

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