
Bank Of Montreal (NYSE:BMO) to Issue Quarterly Dividend of C$1.67

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Bank of Montreal (NYSE:BMO) announced a quarterly dividend of C$1.67, payable on May 26 to stockholders of record on April 29. This represents an annualized dividend yield of 4.5%. The bank has consistently raised its dividend over the past four years, with a payout ratio of 52.5%. Analysts expect BMO to earn $9.02 per share next year, indicating continued dividend coverage. The stock rose 4.0% to $148.01, with a market cap of $104.53 billion and a PE ratio of 18.14.
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