Powered by

-Bank of Montreal raises dividend

Dec 05, 2018 - Global Banking News

Global Banking News - 05 December 2018

The Bank of Montreal (BMO.TO) has increased its dividend following profits.

The bank posted its results on Tuesday, the last of the country's Big Five lenders to post its earnings for its financial fourth quarter and 2018 financial year.

The firm reported a 38 percent increase in quarterly net income to CAD1.7bn. This equates to CAD2.57 per diluted share, the firm said.

The lender also said that it would pay a quarterly dividend of C...