Bank of Montreal boosts dividend, reports $1.25B quarterly profit

Bank of Montreal lifted a quarterly division as it reported a second-quarter distinction of $1.25 billion.

The bank says it will now compensate a quarterly division of 96 cents per share, adult 3 cents from 93 cents in a prior quarter.

BMO reported a second-quarter distinction amounted to $1.86 per share compared with a distinction of $1.25 billion or $1.84 per share a year ago when a bank had some-more shares outstanding.

The latest entertain enclosed a $192-million after-tax restructuring assign essentially associated to separation costs.

On an practiced basis, BMO says it warranted $2.20 per share for a quarter, adult from $1.92 per share a year ago.

Analysts on normal had approaching a bank to warranted $2.12 per share, according to Thomson Reuters Eikon.

Article source: http://www.cbc.ca/news/business/bmo-earnings-1.4683585?cmp=rss