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Investor Relations
  What's Inside
Shareholder Information
Dividend Information
 

BMO Financial Group is the longest-running dividend-paying company in Canada. BMO’s policy is to pay out 45% to 55% of its earnings in dividends to shareholders over time.

2009 Dividend Payment Dates
Dividends Paid in 2008
Eligible Dividend Designation
Dividends Paid in Prior Years
Dividend Policy and Restrictions
Common Share History






2009 Dividend Payment Dates
Subject to approval by the Board of Directors

Common and Preferred Shares Record Dates

Preferred Shares Payment Dates

Common Shares Payment Dates

February 6

February 25

February 26

May 1

May 25

May 28

August 7

August 25

August 27

November 6

November 25

November 26


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Dividends Paid in 2009

Issue , Class

Dividends
Paid to
Shareholders
of Record on
Feb. 6, 2009

 

 

Common

$0.70

Preferred Class B Series 5

$0.33125

 

 

                                        

Preferred Class B Series 10

U.S.$0.371875

 

Preferred Class B Series 13

$0.28125

 

 

Preferred Class B Series 14

$0.328125

 

Preferred Class B Series 15

$0.3625

 

Preferred Class B Series 16

$0.325

 

 


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Eligible Dividend Designation

For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, BMO designates all dividends paid on both its common and preferred shares in the 2006 calendar year, and all dividends (including deemed dividends) paid thereafter, as “eligible dividends” unless BMO indicates otherwise.

Please consult with your own tax advisor for advice with respect to the income tax consequences to you of BMO designating dividends paid on its common and preferred shares as “eligible dividends”.


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Dividends Per Share Declared During Prior Years


Issue , Class

Ticker

Shares Outstanding
at October 31, 2008

2008

2007

2006

2005

2004

Common

BMO

506,044,982

$2.80

$2.71

$2.26

$1.85

$1.59

Preferred Class B Series 3(a)

BMO F

$1.18

Preferred Class B Series 4(b)

BMO G

$0.91

$1.20

$1.20

$1.20

Preferred Class B Series 5

BMO H

8,000,000

$1.33

$1.33

$1.33

$1.33

$1.33

Preferred Class B Series 6(c)

BMO I

10,000,000

$1.19

$1.19

$1.19

$1.19

$1.19

Preferred Class B Series 10

BMO V

12,000,000

US$1.49

US$1.49

US$1.49

US$1.49

US$1.49

Preferred Class B Series 13(d)

BMO J

14,000,000

$1.13

$0.96

Preferred Class B Series 14(e)

BMO K

10,000,000

$1.48

Preferred Class B Series 15(f)

BMO L

10,000,000

$0.94

Preferred Class B Series 16(g)

BMO M

12,000,000

$0.55

(a) The Class B Preferred Shares Series 3 were issued in March 1997 and were redeemed in September 2004.
(b) The Class B Preferred Shares Series 4 were issued in February 1998 and were redeemed in August 2007.
(c) The Class B Preferred Shares Series 6 were issued in May 1998 and were redeemed in November 2008.
(d) The Class B Preferred Shares Series 13 were issued in January 2007.
(e) The Class B Preferred Shares Series 14 were issued in September 2007.
(f) The Class B Preferred Shares Series 15 were issued in March 2008.
(g) The Class B Preferred Shares Series 16 were issued in June 2008.


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Dividend Policy and Regulatory Restrictions

Dividends are generally increased in line with long-term trends in earnings per share growth, while sufficient profits are retained to support anticipated business growth, fund strategic investments and provide continued support for depositors. BMO’s policy is to maintain a dividend payout ratio of 45% to 55%, over time.

We are prohibited from declaring dividends on our preferred or common shares when we are, or would be as a result of paying such a dividend, in contravention of the capital adequacy, liquidity or any other regulatory directives issued under the Bank Act. In addition, common share dividends cannot be paid unless all dividends declared and payable on our preferred shares have been paid or sufficient funds have been set aside to do so.

In addition, we have agreed that if BMO Capital Trust, one of our subsidiaries, fails to pay any required distribution on its capital trust securities, we will not declare dividends of any kind on any of our preferred or common shares.

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Common Share History

March 14, 2001

100% Stock Dividend

Equivalent to a 2-for-1 Stock Split

March 20, 1993

100% Stock Dividend

Equivalent to a 2-for-1 Stock Split

June 23, 1967

Stock Split

5-for-1 Stock Split


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