Patrick Cronin Sells 26,022 Shares of Bank of Montreal (BMO) Stock
Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Patrick Cronin sold 26,022 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$102.16, for a total transaction of C$2,658,329.45.
BMO stock traded up C$1.03 during trading hours on Friday, hitting C$103.70. The company’s stock had a trading volume of 5,267,600 shares, compared to its average volume of 1,817,552. The company has a market capitalization of $66.20 billion and a price-to-earnings ratio of 11.49. Bank of Montreal has a 12 month low of C$86.25 and a 12 month high of C$109.00.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 1st will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, April 30th. Bank of Montreal’s dividend payout ratio is 41.88%.
Bank of Montreal Company Profile
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.
See Also: Quiet Period Expirations
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