BMO Financial Group Declares Dividends - May 27
-
bookmark
-
print
TORONTO, May 27, 2020 /CNW/ - 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 third quarter of fiscal year 2020 ("Q3 2020 Dividend"), unchanged from the previous quarter and up 3 per cent from the prior year.
The Board of Directors also declared dividends of:
-
$0.112813 per share on paid-up Class B Preferred Shares Series 25;
-
$0.089605 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;
-
$0.2375 per share on paid-up Class B Preferred Shares Series 33;
-
$0.3125 per share on paid-up Class B Preferred Shares Series 35;
-
$14.625 per share on paid-up Class B Preferred Shares Series 36(1);
-
$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 August 26, 2020, to shareholders of record on August 4, 2020. The dividends on the preferred shares are payable on August 25, 2020, to shareholders of record on August 4, 2020.
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 Q3 2020 Dividend. For registered shareholders who wish to participate in the Plan and thereby receive the two percent discount in respect of the Q3 2020 Dividend, Enrolment Forms must be received by the Bank's transfer agent, Computershare Trust Company of Canada, by the close of business on August 5, 2020. 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 36 were issued by way of private placement and are not listed on any stock exchanges
SOURCE BMO Financial Group
For further information: For News Media Enquiries: Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996; For Investor Relations Enquiries: Bill Anderson, Toronto, bill2.anderson@bmo.com, (416) 867-7834; For Bank Transfer Agent Enquiries: Computershare Trust Company of Canada, 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y1, Tel: 1-800-340-5021 (Canada and U.S.), 514-982-7800 (All other countries); Internet: www.bmo.com; Twitter: @BMOmedia
TORONTO, May 27, 2020 /CNW/ - 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 third quarter of fiscal year 2020 ("Q3 2020 Dividend"), unchanged from the previous quarter and up 3 per cent from the prior year.
The Board of Directors also declared dividends of:
-
$0.112813 per share on paid-up Class B Preferred Shares Series 25;
-
$0.089605 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;
-
$0.2375 per share on paid-up Class B Preferred Shares Series 33;
-
$0.3125 per share on paid-up Class B Preferred Shares Series 35;
-
$14.625 per share on paid-up Class B Preferred Shares Series 36(1);
-
$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 August 26, 2020, to shareholders of record on August 4, 2020. The dividends on the preferred shares are payable on August 25, 2020, to shareholders of record on August 4, 2020.
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 Q3 2020 Dividend. For registered shareholders who wish to participate in the Plan and thereby receive the two percent discount in respect of the Q3 2020 Dividend, Enrolment Forms must be received by the Bank's transfer agent, Computershare Trust Company of Canada, by the close of business on August 5, 2020. 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 36 were issued by way of private placement and are not listed on any stock exchanges
SOURCE BMO Financial Group
For further information: For News Media Enquiries: Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996; For Investor Relations Enquiries: Bill Anderson, Toronto, bill2.anderson@bmo.com, (416) 867-7834; For Bank Transfer Agent Enquiries: Computershare Trust Company of Canada, 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y1, Tel: 1-800-340-5021 (Canada and U.S.), 514-982-7800 (All other countries); Internet: www.bmo.com; Twitter: @BMOmedia
You might also be interested in
North American Metals & Mining first: BMO helps Sandstorm Gold Royalties achieve ESG goals with Sustainability-Linked Loan
BMO Celebrates International Day of the Girl 2021 - Participates in New Sustainability Innovation Hub to Inspire Young Women
BMO marks National Day for Truth and Reconciliation with $600,000 in donations to Indigenous organizations across Canada
Education, Employment and Economic Empowerment: BMO Releases Wîcihitowin ᐑᒋᐦᐃᑐᐏᐣ- First Annual Indigenous Partnerships and Progress Report
BMO's 17th Annual Equity Through Education Trading Day Raises C$1.6 Million to Promote Diversity, Equity and Inclusion
Media Advisory - BMO Celebrates 17 Years of Promoting Diversity and Inclusion Through BMO Capital Markets' Equity Through Education Trading Day
BMO Harnesses AI Technology for Capital Markets Structured Note Pricing and Scenario Analysis
BMO Announces $12 Billion Financing Commitment towards Affordable Housing in Canada
BMO supports Canada's bid to host the headquarters of the International Sustainability Standards Board
BMO Named to Canada's Best 50 Corporate Citizens Ranking by Corporate Knights
Bringing Indigenous Perspectives to Canadians: First Nations University of Canada, Reconciliation Education and BMO launch new eLearning to mark National Indigenous History Month
The Future of Food & Agriculture: BMO Hosts World-Leading Farm to Market Conference for 16th Consecutive Year
Rush University System for Health and BMO Financial Group Announce $10 Million Donation to Create the Rush BMO Institute for Health Equity
BMO Shares Progress on IFC led Operating Principles for Impact Management in First Disclosure Statement
BMO Announces $250,000 Donation to Organizations Supporting Global Emergency COVID-19 Relief Efforts
A North American First: BMO Helps Gibson Energy Fully Transition Credit Facility to a Sustainability-Linked Loan
Forbes names BMO Harris Bank one of the Best Employers for Diversity 2021 for the third year in a row
BMO Issues C$750 million Women in Business Bond In Support of Women-Owned Businesses
BMO Commits $1.2 Million to SheEO Programs Helping Women-Led Venture Companies Access Financing
BMO Named One of the World's Most Ethical Companies by the Ethisphere Institute for the Fourth Year in a Row
BMO Financial Group among first Canadian banks to sign United Nations Principles for Responsible Banking
BMO Financial Group ranked top bank in North America on Corporate Knights' 2021 Global 100 Most Sustainable Corporations in the World
BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online
BMO Capital Markets Named Best Canadian Bank for USD/CAD for 10th Consecutive Year
BMO Ranked Among Most Sustainable Companies on Dow Jones Sustainability Index - North America
BMO Financial Group Reaches Key Milestone in Matching 100 Per Cent of Electricity Usage with Renewables
BMO Financial Group Recognized as One of the World's Most Sustainably Managed Companies in New Wall Street Journal Ranking
BMO Capital Markets to Donate C$1.6 Million Following 16th Annual Equity Through Education Trading Day
Media Advisory - BMO Capital Markets Celebrates 16 Years of the Equity Through Education Trading Day
Forbes ranks BMO Harris Bank as one of America’s Best Employers for Women in 2020
Tracking the Recovery: BMO Economics Introduces Canadian Business Activity Index
BMO Capital Markets to host 2020 Prescriptions for Success Healthcare Virtual Conference
BMO Financial Group to Source 100 Per Cent of Electricity Usage From Renewables
Media Advisory - BMO Expert Podcast on COVID-19 and the Future of the Global Economy
Canada's Six Biggest Banks Take Decisive Action To Help Customers Impacted by COVID-19
Maple Leaf Foods and BMO Capital Markets enter into First Sustainability-Linked Loan in Canada