BMO Financial Group Declares Dividends
Bank of Montreal (TSX: BMO) (NYSE: BMO) has announced its dividend declarations for Q4 2024.
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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
Details
News Market Reaction – BMO
The recorded move for BMO in the trading session of this news was -6.16%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Board of Directors also declared dividends of:
$0.240688 $0.190875 $0.426 $36.865 $35.285
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 (
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
More information about the Plan and how to enroll can be found at:
(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
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