BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 per cent from the prior year
BMO Financial Group has announced a dividend increase for Q1 2025.
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Rhea-AI Summary
BMO Financial Group has announced a dividend increase for Q1 2025. The quarterly dividend on common shares will be $1.59 per share, representing a 4-cent (3%) increase from the previous quarter and a 5% increase year-over-year. The bank also declared dividends of $0.190875 per share on Class B Preferred Shares Series 33 and $0.426 per share on Class B Preferred Shares Series 44.
Common share dividends will be payable on February 26, 2025, to shareholders of record on January 30, 2025. Preferred share dividends will be paid on February 25, 2025. Shareholders can participate in the Dividend Reinvestment and Share Purchase Plan, with enrollment forms due by February 3, 2025.
Positive
- Quarterly dividend increased by 3% quarter-over-quarter
- Year-over-year dividend growth of 5%
- Dividend reinvestment option available for shareholders
Negative
- None.
Details
News Market Reaction – BMO
The recorded move for BMO in the trading session of this news was +4.53%.
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:
$0.190875 $0.426
The dividend on the common shares is payable on February 26, 2025, to shareholders of record on January 30, 2025. The dividends on preferred shares are payable on February 25, 2025, to shareholders of record on January 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 (
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:
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-302323723.html
SOURCE BMO Financial Group
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