Canada markets close in 3 hours 8 minutes
  • S&P/TSX

    20,604.74
    +8.85 (+0.04%)
     
  • S&P 500

    4,350.82
    +0.89 (+0.02%)
     
  • DOW

    34,275.41
    +107.32 (+0.31%)
     
  • CAD/USD

    0.7856
    -0.0040 (-0.51%)
     
  • CRUDE OIL

    86.85
    -0.50 (-0.57%)
     
  • BTC-CAD

    46,207.32
    -2,584.74 (-5.30%)
     
  • CMC Crypto 200

    829.82
    +10.32 (+1.26%)
     
  • GOLD FUTURES

    1,793.10
    -36.60 (-2.00%)
     
  • RUSSELL 2000

    1,952.72
    -23.74 (-1.20%)
     
  • 10-Yr Bond

    1.7830
    -0.0650 (-3.52%)
     
  • NASDAQ

    13,481.24
    -60.88 (-0.45%)
     
  • VOLATILITY

    31.89
    -0.07 (-0.22%)
     
  • FTSE

    7,554.31
    +84.53 (+1.13%)
     
  • NIKKEI 225

    26,170.30
    -841.03 (-3.11%)
     
  • CAD/EUR

    0.7048
    +0.0028 (+0.40%)
     

BMO Financial Group Increases Common Share Dividend by 27 cents from the prior quarter, up 25 per cent from the prior quarter and prior year

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • BMO

TORONTO, Dec. 3, 2021 /CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.33 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2022 ("Q1 2022 Dividend"), a 27 cent increase from the previous quarter and up 25 per cent from the prior quarter and prior year.

The Board of Directors also declared dividends of:

  • $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;

  • $0.190875 per share on paid-up Class B Preferred Shares Series 33;

  • $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 28, 2022, to shareholders of record on February 1, 2022. The dividends on the preferred shares are payable on February 25, 2022, to shareholders of record on February 1, 2022.

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 2022 Dividend declared today and subsequently until further notice, such additional common shares 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 3, 2022. 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

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/bmo-financial-group-increases-common-share-dividend-by-27-cents-from-the-prior-quarter-up-25-per-cent-from-the-prior-quarter-and-prior-year-301437002.html

SOURCE BMO Financial Group

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/December2021/03/c6780.html

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting