Hello everyone hope you are doing great. Today’s post is about another raise I received from one of my stocks. On December 6th Bank of Montreal (BMO) raised their dividend again 🙂
Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016 and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada’s leading wealth management firms, and BMO Capital MarketsTM, our North American investment and corporate banking division.
In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital MarketsTM, our North American investment and corporate banking division.
(Source: Bank of Montreal website)
On December 6th after easily beating fourth quarter earnings Bank of Montreal announced a 2.3% increased to their dividend. The bank pays a quarterly dividend of $0.86 now with the increase it will be $0.88.
I currently own 71 shares and this is the 5th increase I have received this purchasing shares in 2014.
With the dividend raise my forward income will increase by $5.68.
Congratulations to all the other BMO shareholders.
Thanks for reading