Bank of Montreal (TSE:BMO) Raises Dividend to $1.71 Per Share

Bank of Montreal (TSE:BMO) (NYSE:BMO) announced a quarterly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 26th will be paid a dividend of 1.71 per share by the bank on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, July 30th. This is a 2.4% increase from Bank of Montreal’s previous quarterly dividend of $1.67.

Bank of Montreal Stock Up 0.5%

Shares of TSE:BMO opened at C$252.12 on Tuesday. The stock has a market cap of C$177.72 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.71 and a beta of 1.22. Bank of Montreal has a 12-month low of C$151.06 and a 12-month high of C$258.21. The business’s 50 day moving average is C$240.02 and its 200 day moving average is C$211.11.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The business had revenue of C$9.57 billion during the quarter. As a group, equities research analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current year.

About Bank of Montreal

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.