BMO Financial Group (BMO) Raises Quarterly Dividend 2.4% to $0.86; 5.4% Yield

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Go back to BMO Financial Group (BMO) Raises Quarterly Dividend 2.4% to $0.86; 5.4% Yield

BMO Financial Group Increases Common Share Dividend

May 25, 2016 6:47 AM EDT

TORONTO, ONTARIO -- (Marketwired) -- 05/25/16 -- Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced that the Board of Directors declared a quarterly dividend of $0.86 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2016, 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 15; -- $0.211875 per share on paid-up Class B Preferred Shares Series... More