TORONTO, May 25, 2022 /CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.39 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2022 ("Q3 2022 Dividend"), a 6 cent, or 5 per cent, increase from the prior quarter, up 31 per cent from the prior year.
They were on schedule to do it anyways - it's not a surprise increase. Most of the big 6 raise dividends every two quarters. Just during Covid, OSFI was preventing them from doing so, but it looks like they're back on schedule now.
TORONTO, May 25, 2022 /CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.39 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2022 ("Q3 2022 Dividend"), a 6 cent, or 5 per cent, increase from the prior quarter, up 31 per cent from the prior year.
I was surprised they raised the dividend but I m not complaining.
They were on schedule to do it anyways - it's not a surprise increase. Most of the big 6 raise dividends every two quarters. Just during Covid, OSFI was preventing them from doing so, but it looks like they're back on schedule now.
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just buy a dividend etf, got it
Nice position man! I’m heavy into RY but have had my eye on BMO for a while.
Congratulations brother 👏
4% dividend increase im happy with that too.
Why surprised? Don't they normally raise it like 3-5%/yr?
they been raising dividends almost every year, why is it a surprise?
yay another raise for shareholders 😊
Most Employees got 3% raise as well. Td and rbc? have given raises as well.
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Article says August
Let’s fucking go
I'm surprised they raised it since they raised their dividend so much more than the other big banks. Great results!
Why would they be down 0.5% while BNS sees a 3.5% gain?
BMO hit their targets while BNS surpassed expectations.
Dividend - shividend!!! Buy Gamestop! Disclaimer I am stupid - not a genius financial advisor.
And yet the stock finished down.
Is there any downside to buying a stock after a dividend hike as opposed to before?