BMO Financial Group Declares Dividends

Rhea-AI Summary

Bank of Montreal (TSX:BMO) declared a quarterly dividend of $1.06 per common share for Q2 2021, payable on May 26, 2021, to shareholders of record on May 3, 2021. Additionally, dividends for various Class B Preferred Shares were announced, with amounts ranging from $0.073516 to $0.31875. Preferred share dividends are payable on May 25, 2021. These dividends are categorized as "eligible" under Canada's Income Tax Act. Shareholders can reinvest cash dividends in common shares per the Bank's Dividend Reinvestment Plan.

Positive

• Quarterly dividend of $1.06 per share reflects strong financial health.
• Preferred shares dividends demonstrate confidence in stability.
• Reinvestment option available for shareholders, potentially increasing share ownership.

Negative

• None.

TORONTO, Feb. 23, 2021 /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 second quarter of fiscal year 2021 ("Q2 2021 Dividend").

The Board of Directors also declared dividends of:

• $0.112813 per share on paid-up Class B Preferred Shares Series 25;
• $0.073516 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;
• $0.190875 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 May 26, 2021, to shareholders of record on May 3, 2021. The dividends on the preferred shares are payable on May 25, 2021, to shareholders of record on May 3, 2021.

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 Q2 2021 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 May 5, 2021. 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      Twitter: @BMOmedia

View original content:http://www.prnewswire.com/news-releases/bmo-financial-group-declares-dividends-301233235.html

SOURCE BMO Financial Group

FAQ

What is the dividend amount declared by BMO for Q2 2021?

BMO declared a dividend of $1.06 per common share for Q2 2021.

When is the dividend payable for BMO's common shares?

The dividend on common shares is payable on May 26, 2021.

What are the record dates for BMO's dividends?

The record date for the common shares dividend is May 3, 2021.

What types of preferred shares dividends did BMO declare?

BMO declared dividends on various Class B Preferred Shares, ranging from $0.073516 to $0.31875.

Can BMO shareholders reinvest their dividends?

Yes, shareholders can elect to reinvest cash dividends in common shares through the Dividend Reinvestment Plan.