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Bank Of Montreal ( (TSE:BMO) ) has shared an announcement.
Bank of Montreal announced an increase in its quarterly dividend to $1.67 per common share, marking a 2% rise from the previous quarter and a 5% increase from the prior year. This decision reflects BMO’s strong financial performance and commitment to returning value to shareholders. The dividends are designated as eligible for tax purposes, and shareholders have the option to reinvest dividends in common shares through the bank’s Dividend Reinvestment and Share Purchase Plan.
The most recent analyst rating on (TSE:BMO) stock is a Hold with a C$181.00 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.
The Bank of Montreal’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The stock’s valuation is attractive, but technical indicators suggest it may be overbought. High leverage and cash flow concerns are notable risks.
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, offering a wide range of banking products and services. It operates in the financial industry, focusing on personal and commercial banking, wealth management, and investment services.
Average Trading Volume: 2,362,428
Technical Sentiment Signal: Buy
Current Market Cap: C$125.9B
For a thorough assessment of BMO stock, go to TipRanks’ Stock Analysis page.