NEW YORK ( TheStreet) -- The ex-dividend date for Bank of Montreal (NYSE: BMO) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $59.98 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for Bank of Montreal has been 589,200 shares per day over the past 30 days. Bank of Montreal has a market cap of $38.31 billion and is part of the financial sector and banking industry. Shares are up 9.5% year to date as of the close of trading on Wednesday. Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. The company has a P/E ratio of 10.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Bank of Montreal Ratings Report. See our dividend calendar or top-yielding stocks list.