Dividend rise: Bank of Montreal (NYSE: BMO) lifts payout 5% year over year
Rhea-AI Filing Summary
Bank of Montreal announced that its Board of Directors declared a quarterly common share dividend of $1.71 per share for the third quarter of fiscal 2026. This represents a 4 cent, or 2 percent, increase from the prior quarter and is up 5 percent from the prior year.
The common share dividend is payable on August 26, 2026 to shareholders of record on July 30, 2026. The Board also declared a dividend on Class B Preferred Shares Series 44, payable on August 25, 2026 to shareholders of record on July 30, 2026.
Both common and preferred dividends are designated as eligible dividends for Canadian tax purposes. Common shareholders may choose to reinvest cash dividends in additional common shares through BMO’s Shareholder Dividend Reinvestment and Share Purchase Plan, with shares purchased on the open market without a discount.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
| For the month of: May, 2026 | Commission File Number: 001-13354 |
BANK OF MONTREAL
(Name of Registrant)
| 100 King Street West | ||
| 1 First Canadian Place | 129 rue Saint-Jacques | |
| Toronto, Ontario | Montreal, Quebec | |
| Canada, M5X 1A1 | Canada, H2Y 1L6 | |
| (Executive Offices) | (Head Office) | |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☐ Form 40-F ☒
INCORPORATION BY REFERENCE
The information contained in this Form 6-K and any exhibits hereto shall be deemed filed with the Securities and Exchange Commission (“SEC”) solely for purposes of incorporation by reference into and as part of the following registration statements of the registrant on file with and declared effective by the SEC:
| 1. | Registration Statement – Form F-3 – File No. 333-214934 |
| 2. | Registration Statement – Form F-3 – File No. 333-285508 |
| 3. | Registration Statement – Form S-8 – File No. 333-191591 |
| 4. | Registration Statement – Form S-8 – File No. 333-180968 |
| 5. | Registration Statement – Form S-8 – File No. 333-177579 |
| 6. | Registration Statement – Form S-8 – File No. 333-177568 |
| 7. | Registration Statement – Form S-8 – File No. 333-176479 |
| 8. | Registration Statement – Form S-8 – File No. 333-175413 |
| 9. | Registration Statement – Form S-8 – File No. 333-175412 |
| 10. | Registration Statement – Form S-8 – File No. 333-113096 |
| 11. | Registration Statement – Form S-8 – File No. 333-14260 |
| 12. | Registration Statement – Form S-8 – File No. 33-92112 |
| 13. | Registration Statement – Form S-8 – File No. 333-207739 |
| 14. | Registration Statement – Form S-8 – File No. 333-237522 |
| 15. | Registration Statement – Form S-8 – File No. 333-276007 |
EXHIBIT INDEX
| Exhibit | Description of Exhibit | |
| 99.1 | Press Release – BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 percent from the prior year | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BANK OF MONTREAL | ||||||
| By: | /s/ Rahul Nalgirkar | |||||
| Name: | Rahul Nalgirkar | |||||
| Title: | Chief Financial Officer | |||||
| Date: May 27, 2026 | By: | /s/ Pascale Elharrar | ||||
| Name: | Pascale Elharrar | |||||
| Title: | Corporate Secretary | |||||
Exhibit 99.1
NEWS
FOR IMMEDIATE RELEASE
BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 percent from the prior year
TORONTO, May 27, 2026 – Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.71 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2026, a 4 cent, or 2 percent, increase from the prior quarter, up 5 percent from the prior year.
The Board of Directors also declared a dividend of:
| • | $0.426 per share on paid-up Class B Preferred Shares Series 44. |
The dividend on the common shares is payable on August 26, 2026, to shareholders of record on July 30, 2026. The dividend on Class B Preferred Shares Series 44 is payable on August 25, 2026, to shareholders of record on July 30, 2026.
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 3, 2026. 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
For News Media Enquiries:
John Fenton, Toronto, john.fenton@bmo.com, (416) 867-3996
For Investor Relations Enquiries:
Bill Anderson, Toronto, bill2.anderson@bmo.com, (416) 867-7834
| Internet: www.bmo.com | X: @BMOmedia |