August 26, 2014 06:55 ET
TORONTO, ONTARIO--(Marketwired - Aug. 26, 2014) - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that the Board of Directors declared a quarterly dividend of $0.78 per share on paid-up common shares of Bank of Montreal for the fourth quarter of fiscal year 2014, unchanged from the previous quarter.
The Board of Directors also declared dividends of:
The dividend on the common shares is payable on November 26, 2014, to shareholders of record on November 3, 2014. The dividends on the preferred shares are payable on November 25, 2014, to shareholders of record on November 3, 2014.
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 determines whether the additional common shares will be purchased on the open market or issued by the Bank from treasury. For the common share dividend declared today and until further notice, such additional common shares will be issued from treasury without a discount. A two per cent discount applied in respect of the common share dividend declared last quarter.
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 October 29, 2014. 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
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