BMO Financial Group Boosts Quarterly Dividend by 3%

The latest update is out from Bank Of Montreal ( (TSE:BMO) ).

BMO Financial Group announced an increase in its quarterly dividend for common shares by 4 cents to $1.63 per share, marking a 3% rise from the previous quarter and a 5% increase from the prior year. This decision reflects BMO’s commitment to delivering value to its shareholders and may enhance its attractiveness to investors. The dividends for both common and preferred shares are scheduled for payment in August 2025, with the option for common shareholders to reinvest dividends through the bank’s Shareholder Dividend Reinvestment and Share Purchase Plan.

The most recent analyst rating on (TSE:BMO) stock is a Buy with a C$150.00 price target. To see the full list of analyst forecasts on Bank Of Montreal stock, see the TSE:BMO Stock Forecast page.

Spark’s Take on TSE:BMO Stock

According to Spark, TipRanks’ AI Analyst, TSE:BMO is a Outperform.

Bank of Montreal’s stock score reflects its robust financial performance, particularly in revenue growth and dividend yield, despite high leverage. The technical indicators suggest some caution, while valuation metrics remain favorable. The earnings call provides a positive outlook, albeit with some economic uncertainties. These factors combined result in a solid, albeit moderate, overall score.

To see Spark’s full report on TSE:BMO stock, click here.

More about Bank Of Montreal

Bank of Montreal (BMO) is a major financial services provider in Canada, operating in the banking industry. It offers a range of financial products and services, including personal and commercial banking, wealth management, and investment banking. BMO is focused on serving both individual and corporate clients, with a strong presence in North America.

Average Trading Volume: 3,391,742

Technical Sentiment Signal: Buy

Current Market Cap: C$105.6B

For a thorough assessment of BMO stock, go to TipRanks’ Stock Analysis page.