BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 percent from the prior year

Rhea-AI Summary

BMO (TSX:BMO, NYSE:BMO) declared a third-quarter 2026 common share dividend of $1.71 per share, a $0.04 (2%) increase from the prior quarter and 5% above the prior year. The common dividend is payable August 26, 2026, to shareholders of record July 30, 2026.

The Board also declared a $0.426 dividend on Class B Preferred Shares Series 44, payable August 25, 2026, to shareholders of record July 30, 2026. Both dividends are designated as eligible dividends for Canadian tax purposes.

AI-generated analysis. Not financial advice.

Positive

• Quarterly common dividend raised to $1.71 per share
• Dividend up $0.04, or 2%, from the prior quarter
• Common dividend 5% higher than the prior year level
• Dividend reinvestment plan available for common shareholders

Negative

• None.

News Market Reaction – BMO

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+0.80% News Effect

On the day this news was published, BMO gained 0.80%, reflecting a mild positive market reaction.

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TORONTO, May 27, 2026 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.71 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2026, a 4 cent, or 2 percent, increase from the prior quarter, up 5 percent from the prior year.

The Board of Directors also declared a dividend of:

• $0.426 per share on paid-up Class B Preferred Shares Series 44.

The dividend on the common shares is payable on August 26, 2026, to shareholders of record on July 30, 2026.  The dividend on Class B Preferred Shares Series 44 is payable on August 25, 2026, to shareholders of record on July 30, 2026.   

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").  Such additional common shares will be purchased on the open market without a discount until further notice.

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 August 3, 2026. 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

X: @BMOmedia

View original content:https://www.prnewswire.com/news-releases/bmo-financial-group-increases-common-share-dividend-by-4-cents-from-the-prior-quarter-up-5-percent-from-the-prior-year-302782972.html

SOURCE BMO Financial Group

FAQ

What quarterly dividend did BMO (BMO) declare for Q3 2026?

BMO declared a quarterly common share dividend of $1.71 per share for Q3 2026. According to BMO, this represents a $0.04, or 2 percent, increase from the prior quarter and is 5 percent higher than the prior year.

How much did BMO increase its common share dividend in May 2026?

BMO increased its quarterly common share dividend by $0.04 per share in May 2026. According to BMO, this raise equals a 2 percent increase from the prior quarter and a 5 percent increase compared with the same quarter a year earlier.

When is the BMO (BMO) Q3 2026 dividend payment date and record date?

The BMO Q3 2026 common dividend is payable on August 26, 2026 to shareholders of record on July 30, 2026. According to BMO, the Class B Series 44 preferred dividend is payable August 25, 2026, with the same record date.

What dividend did BMO declare on its Class B Preferred Shares Series 44?

BMO declared a $0.426 per share dividend on its Class B Preferred Shares Series 44. According to BMO, this preferred dividend is payable August 25, 2026, to shareholders of record on July 30, 2026, and is designated an eligible dividend for Canadian tax purposes.

Can BMO (BMO) shareholders reinvest the Q3 2026 dividend through a DRIP?

Yes, BMO common shareholders may reinvest cash dividends through the Shareholder Dividend Reinvestment and Share Purchase Plan. According to BMO, additional common shares will be purchased on the open market without a discount, and registered holders must submit enrollment forms by August 3, 2026.