Cash Dividend On The Way From Bank Of Montreal (BMO)

On 10/30/13, Bank of Montreal (TSX: BMO.TO) will trade ex-dividend, for its quarterly dividend of $0.74, payable on 11/26/13. As a percentage of BMO's recent stock price of $73.07, this dividend works out to approximately 1.01%, so look for shares of Bank of Montreal to trade 1.01% lower — all else being equal — when BMO shares open for trading on 10/30/13.

Below is a dividend history chart for BMO, showing historical dividends prior to the most recent $0.74 declared by Bank of Montreal:

BMO+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BMO is likely to continue, and whether the current estimated yield of 4.05% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BMO shares, versus its 200 day moving average:

Bank of Montreal 200 Day Moving Average Chart

Looking at the chart above, BMO's low point in its 52 week range is $56.74 per share, with $73.12 as the 52 week high point — that compares with a last trade of $73.05.

According to the ETF Finder at ETF Channel, BMO makes up 1.32% of the SPDR S&P International Financial Sector ETF ( IPF) which is trading relatively unchanged on the day Monday.

In Monday trading, Bank of Montreal shares are currently up about 0.2% on the day.
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