Bank Of Montreal Increases Quarterly Dividend To C$1.55/Share From C$1.51, Payable August 27, 2024
Portfolio Pulse from Benzinga Newsdesk
Bank of Montreal (NYSE:BMO) has announced an increase in its quarterly dividend to C$1.55 per share, up from C$1.51. This dividend is payable on August 27, 2024, and represents a 3% increase from the prior quarter and a 5% increase from the prior year.
May 29, 2024 | 10:25 am
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Bank of Montreal (NYSE:BMO) has increased its quarterly dividend to C$1.55 per share, a 3% rise from the previous quarter and a 5% increase from the prior year. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the quarterly dividend is a positive signal to investors, indicating the company's strong financial health and commitment to returning value to shareholders. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100