Bank of Montreal Announces Dividend Hike

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.

Bank of Montreal has announced a dividend increase for its common shares, rising by 4 cents or 3% from the previous quarter and marking a 5% increase from the previous year. Dividends for various series of preferred shares have also been declared, with payments for both common and preferred shares scheduled for late August 2024. Additionally, common shareholders have the option to reinvest their dividends into additional common shares through the Bank’s Dividend Reinvestment Plan.

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