Increased dividend payout and annual yield
- Bank of Montreal raises quarterly dividend by 2.7%
- New quarterly payout of 1.51 Canadian dollars (US$1.12)
- Annual yield of about 5.42%
- Dividend payable on Feb. 27 to shareholders of record Jan. 30
Bank of Montreal’s board has announced a 2.7% increase in the quarterly dividend, raising it to 1.51 Canadian dollars (US$1.12) from C$1.47. This new quarterly payout, equivalent to C$6.04 a year, offers an annual yield of about 5.42%, up from 5.28%. Shareholders of record as of January 30 will receive the increased dividend on February 27.
Factuality Level: 8
Factuality Justification: The article provides factual information about Bank of Montreal’s board raising the quarterly dividend by 2.7% and the new payout amount. It also includes the date of payment and the record date for shareholders. The article does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The information provided is concise and directly related to the topic.
Noise Level: 8
Noise Justification: The article provides basic information about Bank of Montreal raising its dividend, but it lacks any analysis, context, or insights. It is a straightforward reporting of the dividend increase without any exploration of the implications or consequences. The article also does not provide any evidence, data, or examples to support its claims. Overall, it is a short and shallow piece of news without much substance.
Financial Relevance: Yes
Financial Markets Impacted: Bank of Montreal
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic, specifically the Bank of Montreal’s decision to raise their quarterly dividend.
Public Companies: Bank of Montreal (BMO)
Key People:
Reported publicly:
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