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BMO Financial Group Declares Dividend

BMO Financial Group Declares Dividend

TORONTO, ONTARIO,  Feb. 24 (Korea Bizwire) – Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced that the Board of Directors declared a quarterly dividend of $0.80 per share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2015, unchanged from the previous quarter. The Board of Directors also declared [...]

BMO Financial Group Reports Net Income of $1.0 Billion for the First Quarter of 2015

BMO Financial Group Reports Net Income of $1.0 Billion for the First Quarter of 2015

Financial Results Highlights: First Quarter 2015 Compared with First Quarter 2014: - Net income of $1.0 billion, down 6%; adjusted net income(1) of $1,041 million, down 4% - EPS(2) of $1.46, down 8%; adjusted EPS(1,2) of $1.53, down 5% - ROE of 11.8%, compared with 14.2%; adjusted ROE(1) of 12.3%, compared with 14.5% - Provisions [...]

Foreign Investors, Owner Family to Enjoy Big Dividend Windfall

Foreign Investors, Owner Family to Enjoy Big Dividend Windfall

  SEOUL, Feb. 22 (Korea Bizwire) – Foreign investors and owner families of South Korean business groups took away a dividend windfall as local firms jacked up dividend payouts under growing pressure to share more of their earnings with investors, data showed on Sunday.   According to the data compiled by conglomerate tracker Chaebul.com, the [...]

S. Korean Firms to Raise Dividend Payouts for 2014

S. Korean Firms to Raise Dividend Payouts for 2014

SEOUL, Jan. 26 (Korea Bizwire) – South Korean companies are set to increase dividend payouts for 2014 under growing government pressure to return more to shareholders, data showed Monday. Among the 18 listed companies that have announced their dividend plans as of Friday, 15 said they would deliver more to shareholders with their 2014 dividends [...]

Bank of Montreal to Redeem $400,000,000 Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 23

Bank of Montreal to Redeem $400,000,000 Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 23

TORONTO, ONTARIO, Jan. 22 (Korea Bizwire) — Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced its intention to redeem all of its $400,000,000 Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 23 (“Preferred Shares Series 23″) on February 25, 2015. The Preferred Shares Series 23 are redeemable at Bank of Montreal’s option on February 25, 2015, [...]

Hyundai Motor to Sharply Increase Dividend Payout This Year

Hyundai Motor to Sharply Increase Dividend Payout This Year

SEOUL, Jan. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, said Thursday it will increase its dividend payouts by more than 50 percent this year as part of efforts to enhance shareholder value, a move that comes despite its lackluster earnings results and cloudy business outlook going forward. Under the plan made [...]

BMO Financial Group Increases Common Share Dividend

TORONTO, ONTARIO, Dec. 2 (Korea Bizwire) - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that the Board of Directors declared a quarterly dividend of $0.80 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2015, a 2 cent increase from the previous quarter. The Board of Directors also declared [...]

Seoul’s Suggested Taxation on Cash Reserves Sees Backlash from Business Communities

Seoul’s Suggested Taxation on Cash Reserves Sees Backlash from Business Communities

SEOUL, July 19 (Korea Bizwire) – Seoul’s move to stimulate the national economy cashing in on huge amount of cash reserves held by South Korean major companies has resulted in a backlash from the local business communities. Choi Kyung-hwan, South Korea’s newly inaugurated Finance Minister, suggested on July 16 a set of measures to reinvigorate [...]