Bank of Montreal (BMO) Announces 3 Percent Dividend Increase for Q3 2023
Bank of Montreal (BMO), one of Canada's financial institutions, made an announcement today regarding its dividend payouts. The company's Board of Directors has approved a quarterly dividend increase for the third quarter of fiscal year 2023, reflecting BMO's commitment to delivering value to its shareholders.
The Board of Directors has declared a quarterly dividend of $1.47 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2023, marking a 4 cent or 3 percent increase from the previous quarter. This represents a 6 percent increase compared to the same quarter in the previous year.
In addition to the common shares dividend, the Board of Directors has also declared dividends on various classes of preferred shares. These include:
The dividend on the common shares will be payable on August 28, 2023, to shareholders of record on July 28, 2023. Similarly, the dividends on the preferred shares will be paid on August 25, 2023, to shareholders of record on July 28, 2023.
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