BMO Financial Group (BMO) Raises Quarterly Dividend 2.5% to C$0.82

BMO Financial Group Increases Common Share Dividend

May 27, 2015 7:24 AM EDT

TORONTO, ONTARIO -- (Marketwired) -- 05/27/15 -- Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that the Board of Directors declared a quarterly dividend of $0.82 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2015, a 2 cent increase from the previous quarter.

The Board of Directors also declared dividends of:

-- $0.328125 per share on paid-up Class B Preferred Shares Series 14; -- $0.3625 per share on paid-up Class B Preferred Shares Series... More

BMO Asset Management Inc. Announces an Index Change to BMO Emerging Markets Bond Hedged to CAD Index ETF

May 25, 2015 4:16 PM EDT

TORONTO, ONTARIO -- (Marketwired) -- 05/25/15 -- BMO Asset Management Inc. (BMO AM) today announced a change (ZEF Index Change) to the underlying index of BMO Emerging Markets Bond Hedged to CAD Index ETF (ZEF). The investment objective of ZEF is to seek to replicate, to the extent possible, the performance of an emerging markets bond index, net of expenses. Currently, ZEF seeks to replicate the performance of the Barclays Emerging Markets Tradable USD Sovereign Bond Index CAD Hedged. Effective on or about June 1, 2015, ZEF will seek to replicate the performance of the Barclays Emerging Markets Tradable External Debt (EMTED)... More

BMO Private Banking Study: Affluent Canadians' Average Home Price Tops $1.5 Million

May 25, 2015 6:00 AM EDT

TORONTO, ONTARIO -- (Marketwired) -- 05/25/15 -- BMO Private Banking, part of BMO Wealth Management, today released the results of a study examining real estate and high-net worth Canadians (those with investible assets of $1 million or more). The study is part of a series examining trends among Canada's affluent.

According to the study, wealthy Canadians' primary residences are worth, on average, $1.5 million. Further:

-- Almost all (95 per cent) own their residence (versus renting). -- Fifty-eight per cent state they have paid off their mortgage. -- Among those with a mortgage, the average amount they have left to pay back... More