By Colin Kellaher
Bank of Montreal's board has raised the banking and financial-services giant's quarterly dividend by 2.5%, to 1.63 Canadian dollars (US$1.18) from C$1.59.
The new payout, equal to C$6.52 a year, represents an annual yield of about 4.5% based on Tuesday's closing price of C$144.86, up from 4.39%.
The Toronto-based company on Wednesday said the increased dividend is payable Aug. 26 to shareholders of record July 30.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 28, 2025 06:16 ET (10:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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