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

Rhea-AI Summary

BMO Financial Group (NYSE:BMO) has announced a dividend increase for the third quarter of fiscal year 2025. The quarterly dividend on common shares will be $1.63 per share, representing a 4 cent (3%) increase from the previous quarter and a 5% increase from the prior year. The dividend will be payable on August 26, 2025, to shareholders of record on July 30, 2025.

Additionally, BMO declared dividends on preferred shares: $0.190875 per share for Series 33 and $0.426 per share for Series 44, both payable on August 25, 2025. Shareholders can participate in the Dividend Reinvestment and Share Purchase Plan to reinvest their cash dividends in common shares, with purchases made on the open market without a discount.

Positive

• Quarterly dividend increased by 4 cents (3%) from previous quarter
• Year-over-year dividend growth of 5%
• Bank maintains Dividend Reinvestment Plan for shareholders

Negative

• None.

News Market Reaction

+1.41%

1 alert

+1.41% News Effect

On the day this news was published, BMO gained 1.41%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, May 28, 2025 /PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.63 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2025, a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year.

The Board of Directors also declared dividends of:

• $0.190875 per share on paid-up Class B Preferred Shares Series 33; and
• $0.426 per share on paid-up Class B Preferred Shares Series 44.

The dividend on the common shares is payable on August 26, 2025, to shareholders of record on July 30, 2025.  The dividends on preferred shares are payable on August 25, 2025, to shareholders of record on July 30, 2025. 

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 1, 2025. 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-per-cent-from-the-prior-year-302466948.html

SOURCE BMO Financial Group

FAQ

What is BMO's new dividend amount for Q3 2025?

BMO's new quarterly dividend is $1.63 per common share, representing a 4 cent increase from the previous quarter.

When is BMO's Q3 2025 dividend payable?

The dividend is payable on August 26, 2025, to shareholders of record on July 30, 2025.

How much has BMO's dividend increased year-over-year?

BMO's dividend has increased by 5% compared to the prior year.

What is BMO's Dividend Reinvestment Plan?

BMO's Dividend Reinvestment Plan allows shareholders to automatically reinvest their cash dividends in additional common shares purchased on the open market without a discount.

What are the dividend amounts for BMO's preferred shares?

BMO declared dividends of $0.190875 per share for Class B Preferred Shares Series 33 and $0.426 per share for Class B Preferred Shares Series 44.