BMO Financial Group

TSX : BMO
NYSE : BMO


BMO Financial Group

February 26, 2013 06:22 ET

BMO Financial Group Declares Dividend

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2013) - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that the Board of Directors declared a quarterly dividend of $0.74 per share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2013, an increase of $0.02 from the previous quarter.

The Board of Directors also declared dividends of:

  • $0.28125 a share on paid-up Class B Preferred Shares Series 13;
  • $0.328125 a share on paid-up Class B Preferred Shares Series 14;
  • $0.3625 a share on paid-up Class B Preferred Shares Series 15;
  • $0.325 a share on paid-up Class B Preferred Shares Series 16;
  • $0.40625 a share on paid-up Class B Preferred Shares Series 18;
  • $0.40625 a share on paid-up Class B Preferred Shares Series 21;
  • $0.3375 a share on paid-up Class B Preferred Shares Series 23; and
  • $0.24375 a share on paid-up Class B Preferred Shares Series 25

The dividend on the common shares is payable on May 28, 2013, to shareholders of record on May 1, 2013. The dividends on the preferred shares are payable on May 27, 2013, to shareholders of record on May 1, 2013.

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). Under the Plan, the Bank has determined that the common shares will be issued to such shareholders by the Bank from treasury. The common shares purchased under the Plan will be acquired by shareholders without discount from the average market price of the common shares (as defined in the Plan) and without the payment of any brokerage fees or other acquisition costs.

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