Bank of Montreal (BMO) to Issue Quarterly Dividend of $1.71 on August 26th

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) announced a quarterly dividend on Thursday, July 30th, TickerTech Dividends reports. Investors 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) dividend on an annualized basis and a 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 Price Performance

TSE BMO opened at C$252.12 on Tuesday. Bank of Montreal has a 1 year low of C$151.06 and a 1 year high of C$258.21. The stock has a market capitalization of C$177.72 billion, a PE ratio of 19.36, a PEG ratio of 0.71 and a beta of 1.22. 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:BMOGet Free Report) (NYSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. The business had revenue of C$9.57 billion during the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%. As a group, equities research analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insider Buying and Selling at Bank of Montreal

In other news, Director William Darryl White sold 27,167 shares of Bank of Montreal stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$225.74, for a total transaction of C$6,132,678.58. Following the completion of the transaction, the director directly owned 87,166 shares in the company, valued at approximately C$19,676,852.84. This trade represents a 23.76% decrease in their ownership of the stock. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total value of C$1,020,616.15. Over the last quarter, insiders sold 45,004 shares of company stock valued at $10,339,904. Corporate insiders own 0.03% of the company’s stock.

About Bank of Montreal

(Get Free Report)

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.

See Also

Dividend History for Bank of Montreal (TSE:BMO)

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