BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 per cent from the prior year
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Bank of Montreal (NYSE:BMO) announced a quarterly dividend increase to $1.59 per share, marking a 3% rise from the previous quarter and a 5% increase from the prior year. This reflects the company's strong financial position and commitment to returning value to shareholders.
December 05, 2024 | 11:15 am
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Bank of Montreal has increased its quarterly dividend to $1.59 per share, a 3% increase from the previous quarter and a 5% increase from the prior year, indicating a strong financial position.
The increase in dividends suggests that Bank of Montreal is in a strong financial position, which is likely to positively impact investor sentiment and potentially lead to a short-term increase in stock price.
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IMPORTANCE 80
RELEVANCE 100