Bank Of Montreal (BMO) To Go Ex-Dividend on July 30th

Bank Of Montreal (NYSE:BMO) (TSE:BMO) announced a quarterly dividend on Wednesday, May 27th. Stockholders of record on Thursday, July 30th will be paid a dividend of 1.71 per share by the bank on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, July 30th. This is a 2.4% increase from Bank Of Montreal’s previous quarterly dividend of $1.67.

Bank Of Montreal has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Bank Of Montreal has a dividend payout ratio of 51.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank Of Montreal to earn $13.34 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 36.0%.

Bank Of Montreal Stock Down 0.7%

Shares of NYSE BMO opened at $162.03 on Friday. The company has a 50 day simple moving average of $147.59 and a 200-day simple moving average of $139.01. The company has a market capitalization of $113.56 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. Bank Of Montreal has a 1 year low of $104.08 and a 1 year high of $163.44.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.06%. The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter last year, the firm earned $2.62 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Bank Of Montreal will post 11.56 earnings per share for the current 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.