TORONTO, Aug. 27,
2024 /PRNewswire/ - 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
fourth quarter of fiscal year 2024 ("Q4 2024 Dividend"), unchanged
from the prior quarter.
The Board of Directors also declared dividends of:
- $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;
- $0.426 per share on paid-up Class
B Preferred Shares Series 44;
- $36.865 per share on paid-up
Class B Preferred Shares Series 50(1); and
- $35.285 per share on paid-up
Class B Preferred Shares Series 52(1).
The dividend on the common shares is payable on November 26, 2024, to shareholders of record on
October 30, 2024. The dividends on
Class B Preferred Shares Series 31, Series 33 and Series 44 are
payable on November 25, 2024, to
shareholders of record on October 30,
2024. The dividends on Class B Preferred Shares Series 50
and Series 52 are payable on November 26,
2024, to shareholders of record on October 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
November 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
(1) The Class B Preferred Shares
Series 50 and 52 are not listed on any stock exchanges.
Internet: www.bmo.com X:
@BMOmedia
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SOURCE BMO Financial Group