TORONTO, Aug. 30, 2022 /PRNewswire/ — Bank of Montreal (TSX: BMO) (NYSE: BMO) at this time introduced that its Board of Directors declared a quarterly dividend of $1.39 per share on paid-up widespread shares of Bank of Montreal for the fourth quarter of fiscal yr 2022 (“Q4 2022 Dividend”), unchanged from the prior quarter.
The Board of Directors additionally declared dividends of:
- $0.24075 per share on paid-up Class B Preferred Shares Series 27;
- $0.2265 per share on paid-up Class B Preferred Shares Series 29;
- $0.240688 per share on paid-up Class B Preferred Shares Series 31;
- $0.190875 per share on paid-up Class B Preferred Shares Series 33;
- $0.303125 per share on paid-up Class B Preferred Shares Series 44;
- $0.31875 per share on paid-up Class B Preferred Shares Series 46; and
- $24.644 per share on paid-up Class B Preferred Shares Series 50(1).
The dividend on the widespread shares is payable on November 28, 2022, to shareholders of file on November 1, 2022. The dividends on the popular shares, apart from Class B Preferred Shares Series 50, are payable on November 25, 2022, to shareholders of file on November 1, 2022. The dividend on the Class B Preferred Shares Series 50 is payable on November 28, 2022, to shareholders of file on November 1, 2022.
The above-mentioned dividends on the widespread and most well-liked shares are designated as “eligible” dividends for the needs of the Income Tax Act (Canada) and any comparable provincial and territorial laws.
Common shareholders could elect to have their money dividends reinvested in widespread shares of the Bank in accordance with the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan (the “Plan”).
As beforehand introduced, and till additional discover, such further widespread shares will probably be issued from treasury with a two p.c low cost from the Average Market Price (as outlined within the Plan). The low cost is not going to apply to widespread shares bought below the “Optional Cash Payment” characteristic of the Plan.
For current members of the Plan, the low cost will routinely be utilized to the reinvestment of the This autumn 2022 Dividend. For registered shareholders who want to take part within the Plan and thereby obtain the 2 p.c low cost in respect of the This autumn 2022 Dividend, Enrolment Forms should be acquired by the Bank’s switch agent, Computershare Trust Company of Canada, by the shut of business on November 3, 2022. Beneficial or non-registered holders should contact their monetary establishment or dealer effectively upfront of the above date for directions on learn how to take part.
More details about the Plan and learn how to enroll will be discovered at:
http://www.bmo.com/home/about/banking/investor-relations/shareholder-information/dividend-reinvestment-plan
(1) The Class B Preferred Shares Series 50 will not be listed on any inventory exchanges.
For News Media Enquiries: Jeff Roman, Toronto, [email protected], (416) 867-3996; For Investor Relations Enquiries: Bill Anderson, Toronto, [email protected], (416) 867-7834; For Bank Transfer Agent Enquiries: Computershare Trust Company of Canada, 100 University Avenue, eighth Floor, Toronto, ON M5J 2Y1, Tel: 1-800-340-5021 (Canada and U.S.), 514-982-7800 (All different nations); Internet: www.bmo.com; Twitter: @BMOmedia
