BMO Financial Group Declares Dividends

Rhea-AI Summary

Bank of Montreal (TSX: BMO) declared a quarterly dividend of $1.06 per share for the fourth quarter of fiscal 2021, payable on November 26, 2021. Preferred shares also received dividends ranging from $0.190875 to $0.31875 per share, payable on November 25, 2021. The dividends are designated as "eligible" under the Income Tax Act (Canada). Shareholders can reinvest dividends in common shares through the dividend reinvestment plan, with enrollment forms due by November 3, 2021.

Positive

• Common dividend of $1.06 per share indicates strong shareholder returns.
• Preferred dividends show confidence in maintaining payouts across various series.

Negative

• None.

TORONTO, Aug. 24, 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 fourth quarter of fiscal year 2021 ("Q4 2021 Dividend").

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 November 26, 2021, to shareholders of record on November 1, 2021. The dividends on the preferred shares are payable on November 25, 2021, to shareholders of record on November 1, 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 Q4 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 November 3, 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

View original content:https://www.prnewswire.com/news-releases/bmo-financial-group-declares-dividends-301361393.html

SOURCE BMO Financial Group

FAQ

What is the dividend amount declared by BMO for Q4 2021?

BMO declared a dividend of $1.06 per share for Q4 2021.

When will BMO’s dividends be paid?

The common share dividend will be paid on November 26, 2021, and preferred shares on November 25, 2021.

What are the preferred share dividends declared by BMO?

Preferred share dividends range from $0.190875 to $0.31875 per share.

How can I reinvest my dividends with BMO?

Shareholders can reinvest dividends in common shares through BMO's dividend reinvestment plan.

What is the enrollment deadline for BMO's dividend reinvestment plan?

Enrollment forms must be received by November 3, 2021.