More Cdn Banks Seen Lifting Dividends

Duncan Mavin, Financial Post, 5 June 2006Investors could see more banks following the lead of Bank of Montreal by hiking their targeted dividend payout ratios, say the authors of a new report that trawls though 175 years of BMO's dividend history.Canadian banks have been reinvesting their earnings to pay for growth plans over the past 30 years, said Stephen Foerster, a professor at the Richard