Bank of Montreal - Dividend Declaration
October 29 1997 - 2:52AM
UK Regulatory
RNS No 7460r
BANK OF MONTREAL
28th October 1997
Bank of Montreal's Board of Directors has approved a 10% increase in the
dividend paid to common shareholders, raising the quarterly dividend from 40
cents to 44 cents per share. This is the sixth increase since 1992.
For the current quarter, the board also declared a dividend of 56.250 cents a
share on paid-up Class A Preferred Shares Series 4 of the Bank, a dividend of
$4,765.625 a share on the paid-up Class A Preferred Shares Series 5 of the Bank,
a dividend of 56.250 cents a share on paid-up Class B Preferred Shares Series 1
of the Bank, a dividend of U.S. 42.190 cents a share on the paid-up Class B
Preferred Shares Series 2 of the Bank and a dividend of 34.6875 cents a share on
the paid-up Class B Preferred Shares Series 3 of the Bank.
The dividend on the common shares is payable November 27 to shareholders of
record on November 7. The dividend on the preferred shares is payable November
25 to shareholders of record on November 7.
Contacts:
Joe Barbera, Toronto, (416) 927-2740
Ronald Monet, Montreal, (514) 877-1101
Internet: http://www.bmo.com
END
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