TORONTO, August 25, 2009 – Bank
of Montreal today announced that the Board of Directors declared a quarterly
dividend of $0.70 per share on paid-up common shares of Bank of Montreal
for the fourth quarter of fiscal year 2009, unchanged from the previous
quarter.
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. Under the Plan, the Board
of Directors determines whether the common shares will be purchased on
the secondary market or issued by the Bank from treasury. At this time,
the Board of Directors has decided that the common shares purchased under
the Plan will be issued from treasury at a two per cent discount from
the Average Market Price (as defined in the Plan) until such time as
the Bank elects otherwise.
For the current quarter, the Board of Directors also declared dividends
of:
- $0.33125 a share on paid-up Class B Preferred Shares Series
5;
- US$0.371875 a share on paid-up Class B Preferred Shares Series 10;
- $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; and
- an initial dividend of $0.58808 a share on paid-up Class B Preferred
Shares Series 23
The dividend on the common shares is payable on November 26, 2009 to
shareholders of record on November 6, 2009. The dividends on the preferred
shares are payable on November 25, 2009 to shareholders of record on
November 6, 2009.
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.
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