Bank of Montreal Raises Quarterly Dividend by 4.5%

By Colin Kellaher

Bank of Montreal on Wednesday said its board raised the quarterly dividend by 4.5%, to C$1.39 from C$1.33.

The new quarterly payout, equal to C$5.56 a year, represents an annual yield of about 4.18% based on Tuesday's closing price of C$133.05, up from about 4%.

The Toronto-based banking and financial-services giant said the increased dividend is payable Aug. 26 to shareholders of record Aug. 2.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

05-25-22 0630ET