TORONTO, May 27, 2020 /PRNewswire/ -- 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
third quarter of fiscal year 2020 ("Q3 2020 Dividend"), unchanged
from the previous quarter and up 3 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;
- $0.089605 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 August 26, 2020, to shareholders of record on
August 4, 2020. The dividends on the
preferred shares are payable on August 25,
2020, to shareholders of record on August 4, 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").
As previously announced, and until further notice, such
additional common shares will be issued from treasury with a two
percent discount from the Average Market Price (as defined in the
Plan). The discount will not apply to common shares purchased
under the "Optional Cash Payment" feature of the Plan.
For existing members of the Plan, the discount will
automatically be applied to the reinvestment of the Q3 2020
Dividend. For registered shareholders who wish to participate
in the Plan and thereby receive the two percent discount in respect
of the Q3 2020 Dividend, Enrolment Forms must be received by the
Bank's transfer agent, Computershare Trust Company of Canada, by the close of business on
August 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)
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The Class B
Preferred Shares Series 36 were issued by way of private placement
and are not listed on any stock exchanges.
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For News Media Enquiries: Paul
Gammal, Toronto,
paul.gammal@bmo.com, (416) 867-3996; For Investor Relations
Enquiries: Bill Anderson,
Toronto, bill2.anderson@bmo.com,
(416) 867-7834; For Bank Transfer Agent Enquiries: Computershare
Trust Company of Canada, 100
University Avenue, 8th Floor, Toronto,
ON M5J 2Y1, Tel: 1-800-340-5021 (Canada and U.S.), 514-982-7800 (All other
countries); Internet: www.bmo.com; Twitter: @BMOmedia