BMO Financial Group Boosts Dividend Amid Strong Earnings

Published 1 days agoBMO

BMO Financial Group Boosts Dividend Amid Strong Earnings

BMO Financial Group has announced a 2.5% increase in its quarterly dividend to CAD 1.63 per common share. This follows a prior increase of 5% to CAD 1.59 per share in the first quarter of 2025, underscoring the bank's ongoing commitment to rewarding its shareholders.

In addition to the dividend increase, BMO reported impressive first-quarter financial results. The company saw a reported net income of $2,138 million and earnings per share (EPS) of $2.83, with adjusted net income coming in at $2,289 million and an adjusted EPS of $3.04. These figures exceeded analyst expectations, reflecting solid operational performance.

BMO's CEO, Darryl White, commented on the results, noting the positive impact of broad-based revenue growth and favorable operating leverage across all sectors. White also mentioned that the quarter saw the initiation of a share buyback program, further highlighting the company's strategy to enhance shareholder value while maintaining strong financial positions.

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