TORONTO, May 29, 2024
/CNW/ - Bank of Montreal (TSX:
BMO) (NYSE: BMO) today announced at its Board of Directors declared
a quarterly dividend of $1.55 per
share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year
2024 ("Q3 2024 Dividend"), a 4 cent,
or 3 per cent, increase from the prior quarter, up 5 per cent from
the prior year.
The Board of Directors also declared dividends of:
- $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;
- $0.190875 per share on paid-up
Class B Preferred Shares Series 33; and
- $0.426 per share on paid-up Class
B Preferred Shares Series 44.
The dividend on the common shares is payable on August 27, 2024, to shareholders of record on
July 30, 2024. The dividends on
the preferred shares are payable on August
26, 2024, to shareholders of record on July 30, 2024.
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"). Such additional common shares will be purchased
on the open market without a discount until further notice.
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
August 1, 2024. 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
Internet: www.bmo.com
X: @BMOmedia
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content:https://www.prnewswire.com/news-releases/bmo-financial-group-increases-common-share-dividend-by-4-cents-from-the-prior-quarter-up-5-per-cent-from-the-prior-year-302157821.html
SOURCE BMO Financial Group