BMO Financial Group Declares Dividends
Bank of Montreal (TSX: BMO, NYSE: BMO) declared a quarterly dividend of $1.39 per share for Q4 2022, maintaining the same rate as the prior quarter. Additionally, various dividends were announced for preferred shares, with amounts ranging from $0.190875 to $24.644 per share. Payment dates are set for November 25 and November 28, 2022, with record dates on November 1, 2022. The dividends are designated as "eligible" dividends under Canadian tax law. A 2% discount is available for reinvested dividends through the Shareholder Dividend Reinvestment Plan.
- Quarterly dividend of $1.39 per share reflects stability.
- Preferred share dividends provide additional income for shareholders.
- Dividend reinvestment plan offers a 2% discount, enhancing shareholder value.
- None.
TORONTO, Aug. 30, 2022 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of
The Board of Directors also declared dividends of:
$0.24 075 per share on paid-up Class B Preferred Shares Series 27;$0.22 65 per share on paid-up Class B Preferred Shares Series 29;$0.24 0688 per share on paid-up Class B Preferred Shares Series 31;$0.19 0875 per share on paid-up Class B Preferred Shares Series 33;$0.30 3125 per share on paid-up Class B Preferred Shares Series 44;$0.31 875 per share on paid-up Class B Preferred Shares Series 46; and$24.64 4 per share on paid-up Class B Preferred Shares Series 50(1).
The dividend on the common shares is payable on November 28, 2022, to shareholders of record on November 1, 2022. The dividends on the preferred shares, except for Class B Preferred Shares Series 50, are payable on November 25, 2022, to shareholders of record on November 1, 2022. The dividend on the Class B Preferred Shares Series 50 is payable on November 28, 2022, to shareholders of record on November 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").
As previously announced, and until further notice, such additional common shares will be issued from treasury with a two percent discount from the Average Market Price (as defined in the Plan). The discount will not apply to common shares purchased under the "Optional Cash Payment" feature of the Plan.
For existing members of the Plan, the discount will automatically be applied to the reinvestment of the Q4 2022 Dividend. For registered shareholders who wish to participate in the Plan and thereby receive the two percent discount in respect of the Q4 2022 Dividend, Enrolment Forms must be received by the Bank's transfer agent, Computershare Trust Company of Canada, by the close of business on November 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:
(1) The Class B Preferred Shares Series 50 is not listed on any stock exchanges.
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SOURCE BMO Financial Group
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