BMO Financial Group Declares Dividends

Rhea-AI Summary

Bank of Montreal (TSX: BMO) (NYSE: BMO) has announced its dividend declarations for Q4 2024. The quarterly dividend on common shares remains unchanged at $1.55 per share, payable on November 26, 2024, to shareholders of record on October 30, 2024. The bank also declared dividends on various Class B Preferred Shares, with amounts ranging from $0.190875 to $36.865 per share, depending on the series.

BMO offers a Shareholder Dividend Reinvestment and Share Purchase Plan, allowing common shareholders to reinvest cash dividends in additional common shares. These shares will be purchased on the open market without a discount. The deadline for registered shareholders to enroll in the Plan is November 1, 2024.

Positive

• Consistent quarterly dividend of $1.55 per common share maintained
• Dividend Reinvestment Plan available for shareholders, potentially increasing their stake in the company

Negative

• No increase in common share dividend, potentially indicating cautious financial outlook

TORONTO, Aug. 27, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced at its Board of Directors declared a quarterly dividend of $1.55 per share on paid-up common shares of Bank of Montreal for the fourth quarter of fiscal year 2024 ("Q4 2024 Dividend"), unchanged from the prior quarter.

The Board of Directors also declared dividends of:

• $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;
• $0.426 per share on paid-up Class B Preferred Shares Series 44;
• $36.865 per share on paid-up Class B Preferred Shares Series 50⁽¹⁾; and
• $35.285 per share on paid-up Class B Preferred Shares Series 52⁽¹⁾.

The dividend on the common shares is payable on November 26, 2024, to shareholders of record on October 30, 2024. The dividends on Class B Preferred Shares Series 31, Series 33 and Series 44 are payable on November 25, 2024, to shareholders of record on October 30, 2024. The dividends on Class B Preferred Shares Series 50 and Series 52 are payable on November 26, 2024, to shareholders of record on October 30, 2024.

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 November 1, 2024. 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

⁽¹⁾ The Class B Preferred Shares Series 50 and 52 are not listed on any stock exchanges.

Internet: www.bmo.com X: @BMOmedia

View original content:https://www.prnewswire.com/news-releases/bmo-financial-group-declares-dividends-302231466.html

SOURCE BMO Financial Group

FAQ

What is BMO's Q4 2024 dividend amount for common shares?

BMO's Q4 2024 dividend for common shares is $1.55 per share, unchanged from the previous quarter.

When is the payment date for BMO's Q4 2024 dividend?

The Q4 2024 dividend for BMO common shares is payable on November 26, 2024.

What is the record date for BMO's Q4 2024 dividend?

The record date for BMO's Q4 2024 dividend is October 30, 2024.

Does BMO offer a dividend reinvestment plan?

Yes, BMO offers a Shareholder Dividend Reinvestment and Share Purchase Plan for common shareholders.

What is the deadline for enrolling in BMO's dividend reinvestment plan for Q4 2024?

The deadline for registered shareholders to enroll in BMO's dividend reinvestment plan for Q4 2024 is November 1, 2024.