Bank of Montreal (BMO) Boosts Qtr. Dividend 2.9% to $0.72; Yields 4.9%

Bank of Montreal (NYSE: BMO) declared a quarterly dividend of $0.72 per share, or $2.88 annualized. This is a 2.9% increase from the prior dividend of $0.70.

The dividend will be payable on November 28, 2012, to stockholders of record on November 1, 2012, with an ex-dividend date of October 30, 2012.

The annual yield on the dividend is 4.9 percent.

The bank also changed its target dividend payout range (common share dividends as a percentage of net income attributable to shareholders less preferred share dividends) to 40%-50%.

For a dividend history and other dividend-related data on Bank of Montreal (BMO) click here.

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