TORONTO, Dec. 3, 2019 /CNW/ - Bank of
Montreal (TSX:BMO) (NYSE:BMO)
today announced that its Board of Directors declared a quarterly
dividend of $1.06 per share on
paid-up common shares of Bank of Montreal for the first quarter of fiscal year
2020 ("Q1 2020 Dividend"), a 3 cent
increase from the previous quarter and up 6 per cent from the prior
year.
The Board of Directors also declared dividends of:
- $0.112813 per share on paid-up
Class B Preferred Shares Series 25;
- $0.175556 per share on paid-up
Class B Preferred Shares Series 26;
- $0.24075 per share on paid-up
Class B Preferred Shares Series 27;
- $0.2265 per share on paid-up
Class B Preferred Shares Series 29;
- $0.240688 per share on paid-up
Class B Preferred Shares Series 31;
- $0.2375 per share on paid-up
Class B Preferred Shares Series 33;
- $0.3125 per share on paid-up
Class B Preferred Shares Series 35;
- $14.625 per share on paid-up
Class B Preferred Shares Series 36(1);
- $0.303125 per share on paid-up
Class B Preferred Shares Series 38;
- $0.28125 per share on paid-up
Class B Preferred Shares Series 40;
- $0.275 per share on paid-up Class
B Preferred Shares Series 42;
- $0.303125 per share on paid-up
Class B Preferred Shares Series 44; and
- $0.31875 per share on paid-up
Class B Preferred Shares Series 46.
The dividend on the common shares is payable on February 26, 2020, to shareholders of record on
February 3, 2020. The dividends on
the preferred shares are payable on February
25, 2020, to shareholders of record on February 3, 2020.
The above-mentioned dividends on the common and preferred shares
are designated as "eligible" dividends for the purposes of the
Income Tax Act (Canada) and
any similar provincial and territorial legislation.
Common shareholders may elect to have their cash dividends
reinvested in common shares of the Bank in accordance with the
Bank's Shareholder Dividend Reinvestment and Share Purchase Plan
(the "Plan"). For the Q1 2020 Dividend declared today and
subsequently until further notice, common shares under the Plan
will be purchased on the open market.
For registered shareholders who wish to participate in the Plan,
Enrolment Forms must be received by the Bank's transfer agent,
Computershare Trust Company of Canada, by the close of business on
February 5, 2020. Beneficial or
non-registered holders must contact their financial institution or
broker well in advance of the above date for instructions on how to
participate.
More information about the Plan and how to enroll can be found
at:
http://www.bmo.com/home/about/banking/investor-relations/shareholder-information/dividend-reinvestment-plan
(1) The Class B Preferred Shares
Series 36 was issued by way of private placement and is not listed
on any stock exchanges.
For News Media Enquiries: Paul
Gammal, Toronto,
paul.gammal@bmo.com, (416) 867-3996; For Investor Relations
Enquiries: Tom Little, Toronto, tom.little@bmo.com, (416) 867-7834;
Internet: www.bmo.com