BMO Financial Group Declares Dividend
TORONTO, ONTARIO, May 23, 2012 (Menafn - MARKETWIRE via COMTEX) --Bank of Montreal BMO today announced that theBoard of Directors declared a quarterly dividend of 0.70 per shareon paid-up common shares of Bank of Montreal for the third quarter offiscal year 2012, unchanged from the previous quarter.
For the current quarter, the Board of Directors also declareddividends of:
--0.33125 a share on paid-up Class B Preferred Shares Series 5;
--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 August 28, 2012, toshareholders of record on August 1, 2012. The dividends on thepreferred shares are payable on August 27, 2012, to shareholders ofrecord on August 1, 2012.
The above-mentioned dividends on the common and preferred shares aredesignated as "eligible" dividends for the purposes of the Income TaxAct (Canada) and any similar provincial and territorial legislation.
Common shareholders may elect to have their cash dividends reinvestedin common shares of the bank in accordance with the bank'sShareholder Dividend Reinvestment and Share Purchase Plan (the Plan).Under the Plan, the Board of Directors determines whether the commonshares will be purchased on the secondary market or issued by thebank from treasury. At this time, the common shares purchased underthe Plan will be issued from treasury at a two per cent discount fromthe Average Market Price of the common shares (as defined in thePlan) until such time as the bank elects otherwise.
Any registered shareholder who has not enrolled in the Plan andwishes to do so must sign a Reinvestment Enrollment - ParticipantDeclaration Form and return it to the bank's transfer agent,Computershare Trust Company of Canada, at:
Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Reinvestment Enrollment - Participant Declaration Forms may be obtainedfrom Computershare Trust Company of Canada on its website atwww.computershare.com\bmo, or by calling 1-800-340-5021 from withinCanada or the United States or 514-982-7800 from all other countries.
To participate in the Q3 2012 Dividend, Reinvestment Enrollment -Participant Declaration Forms from registered shareholders must bereceived by Computershare Trust Company of Canada before the close ofbusiness on July 27, 2012.
Non-registered shareholders must contact their financialinstitutions, brokers or other intermediaries for instructions on howto participate in the Plan and should do so well in advance of theabove date in order to participate in the Q3 2012 Dividend.
For News Media Enquiries:
Ralph Marranca, Toronto
Ronald Monet, Montreal
For Investor Relations Enquiries:
Sharon Haward-Laird, Toronto
Michael Chase, Toronto
SOURCE: BMO Financial Group
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