BMO Financial Group Increases Common Share Dividend
TORONTO, May 24, 2017 /PRNewswire/ --
Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced that the Board of Directors declared a quarterly dividend of $0.90 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2017 ("Q3 2017 Dividend"), a 2 cent increase from the previous quarter and up 5% from a year ago.
The Board of Directors also declared dividends of:
$0.211875 per share on paid-up Class B Preferred Shares Series 16;
$0.138504 per share on paid-up Class B Preferred Shares Series 17;
$0.112813 per share on paid-up Class B Preferred Shares Series 25;
$0.106997 per share on paid-up Class B Preferred Shares Series 26;
$0.25 per share on paid-up Class B Preferred Shares Series 27;
$0.24375 per share on paid-up Class B Preferred Shares Series 29;
$0.2375 per share on paid-up Class B Preferred Shares Series 31;
$0.2375 per share on paid-up Class B Preferred Shares Series 33;
$0.3125 per share on paid-up Class B Preferred Shares Series 35;
$14.625 per share on paid-up Class B Preferred Shares Series 36[1];
$0.303125 per share on paid-up Class B Preferred Shares Series 38; and
$0.52089 per share on paid-up Class B Preferred Shares Series 40.
The dividend on the common shares is payable on August 28, 2017, to shareholders of record on August 1, 2017. The dividends on the preferred shares are payable on August 25, 2017, to shareholders of record on August 1, 2017.
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"). For the Q3 2017 Dividend declared today and subsequently until further notice, common shares under the Plan will be purchased on the open market.
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, 2017. 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:
Every child deserves the best start in life. But for young families, including Millennial and Gen Z parents in Kanata and across the country, the costs of child care can add up to a second rent or mortgage payment. This makes it harder to start and...
eWTP Arabia Capital Technology Fund I ("Techology Fund I"), managed by eWTP Arabia Capital ("eWTPA"), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the...
Agway of Cape Cod and Seaside Cannabis Company announce their partnership for the inaugural Clone Fest, set to take place on Sunday, May 19th. The event will be held at both locations, conveniently situated next to each other at 14 and 20 Lots Hollow...
Annick Timmer embodies the spirit of a vibrant entrepreneur and serves as the co-founder of The EBH Group, a distinguished firm specializing in ultra-luxury real estate and interior design. Within The EBH Group, Annick assumes a...
The Prime Minister, Justin Trudeau, today issued the following statement on Tamil Genocide Remembrance Day:
"Fifteen years ago, the quarter-century-long armed conflict in Sri Lanka came to an end. Tens of thousands of Tamils tragically lost their...
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of UnitedHealth Group Inc. between March 14, 2022 and February 27, 2024, both dates inclusive (the "Class...