Bank of Montreal's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Bank of Montreal (NYSE:BMO) announced a quarterly dividend of $1.51 per share, with the ex-dividend date set for Monday. Shareholders owning BMO stock by the end of Friday's session will be eligible for the dividend, which will be paid on February 27, 2024. The stock is expected to open $1.51 lower on Monday to reflect the dividend payout.
January 24, 2024 | 2:45 pm
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Bank of Montreal is set to pay a $1.51/share dividend with an ex-dividend date on Monday. The stock price is expected to adjust lower by the dividend amount on that day.
The stock price of BMO is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is expected as it reflects the payout of the dividend to shareholders.
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