The Board of Directors of Bank of Montreal today declared a quarterly dividend of $0.70 per share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2008, unchanged from the previous quarter.
For the current quarter, the Board also declared a dividend of $0.33125 a share on paid-up Class B Preferred Shares Series 5, a dividend of $0.296875 a share on paid-up Class B Preferred Shares Series 6, a dividend of US $0.371875 a share on paid-up Class B Preferred Shares Series 10, a dividend of $0.28125 a share on paid-up Class B Preferred Shares Series 13, and a dividend of $0.328125 a share on paid-up Class B Preferred Shares Series 14 of BMO.
The dividend on the common shares is payable May 29, 2008 to shareholders of record on May 2, 2008. The dividends on the preferred shares are payable May 26, 2008 to shareholders of record on May 2, 2008.
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.
