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BMO Managed Portfolio Hikes First Quarter Dividend By 4%; More To Come

Wed, 11th Sep 2019 15:09

(Alliance News) - Investment firm BMO Managed Portfolio Trust PLC hiked Wednesday its first quarter dividend to 1.40 pence per share.

BMO Managed Portfolio will pay the 1.40p payout for the first three months of the financial year ending May 2020. This is up 3.7% on the 1.35p distribution paid for the same period the year prior.

The firm expects to continue to pay four quarterly dividends across the financial 2020 period. The three initial quarters are expected to be 1.40p each, with the full year total anticipated to be at least 6.10p.

In financial 2019, BMO Managed Portfolio paid a total of 5.95p per share in dividends.

Shares in BMO Managed Portfolio were 2.8% higher at 218.00 pence in London on Wednesday.

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