Hey everyone, forgive me I’m a little late in posting this, my portfolio received another dividend increase and I thought I would share it with you. On Tuesday December 3rd the Board of Directors of Bank of Montreal announced a three cent raise to the quarterly dividend. This announcement was fully expected as the bank has been raising the dividend semi-annually the last few years.
The dividend will be $1.06 per share up from $1.03. I currently own 91 shares and with this raise my income will increase by $10.92.
Do you own BMO? If so congrats fellow shareholders on the raise.