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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO
Shareholder Information
Dividend Information
 

BMO Financial Group is the longest-running dividend-paying company in Canada. BMO’s policy is to pay out 40% to 50% of its earnings in dividends to shareholders over time.

2016 Dividend Payment Dates
Recently Declared Dividends
Eligible Dividend Designation
Dividends Paid in Prior Years
Dividend Policy and Restrictions
Common Share History






2016 Dividend Payment Dates
Record and payment dates are subject to approval by the Board of Directors

Common and Preferred
Shares Record Dates

Common Shares
Payment Dates

Preferred Shares
Payment Dates

February 1, 2016

February 26, 2016

February 25, 2016

May 2, 2016

May 26, 2016

May 25, 2016

August 1, 2016

August 26, 2016

August 25, 2016

November 1, 2016

November 28, 2016

November 25, 2016





Recently Declared Dividends

(In C$ unless otherwise noted)

Common Shares:

 

 

 

 

Declaration
Date:

May 27
2015

Aug. 25
2015

Dec. 1
2015

Feb. 23
2016

Record
Date:

Aug. 3
2015

Nov. 2
2015

Feb. 1
2016

May 2
2016

Payment
Date:

Aug. 26
2015

Nov. 26
2015

Feb. 26
2016

May 26
2016

Amount
Paid:

0.82

0.82

0.84

0.84


Preferred Shares:

 

 

 

 

Declaration
Date:

May 27
2015

Aug. 25
2015

Dec. 1
2015

Feb. 23
2016

Record
Date:

Aug. 3
2015

Nov. 2
2015

Feb. 1
2016

May 2
2016

Payment
Date:

Aug. 25
2015

Nov. 25
2015

Feb. 25
2016

May 25
2016

Series / Amount Paid:

 

 

 

 

Series 14 (K)

0.328125

0.328125

0.328125

0.328125

Series 15 (L)

0.3625

0.3625

0.3625

0.3625

Series 16 (M)

0.211875

0.211875

0.211875

0.211875

Series 17 (R)

0.144742

0.138819

0.128737

0.131363

Series 25 (Q)

0.24375

0.24375

0.24375

0.24375

Series 27 (S)

0.25

0.25

0.25

0.25

Series 29 (T)

0.24375

0.24375

0.24375

0.24375

Series 31 (W)

0.2375

0.2375

0.2375

0.2375

Series 33 (Y)

 

0.45027

0.2375

0.2375

Series 35 (Z)

 

0.40753

0.3125

0.3125

Series 36 1

 

 

21.1562

14.625


(1) The Class B Preferred Shares Series 36 was issued by way of private placement and is not listed on any stock exchanges




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”.




Dividends Paid per Share in Fiscal 2015 and Prior Years

(In C$ unless otherwise noted)

Class / Ticker

Shares Outstanding at Oct. 31, 2015

2015

2014

2013

2012

2011

Common

 

 

 

 

 

 

BMO

642,583,341

3.20

3.04

2.92

2.80

2.80

Preferred:

 

 

 

 

 

 

Series 5 (b)
BMO.PR.H

-

-

-

0.66

1.33

1.33

Series 10 (c)
BMO.PR.V
(US$)

-

-

-

-

0.37

1.49

Series 13 (d)
BMO.PR.J

-

0.84

1.13

1.13

1.13

1.13

Series 14 (e)
BMO.PR.K

10,000,000

1.31

1.31

1.31

1.31

1.31

Series 15 (f)
BMO.PR.L

10,000,000

1.45

1.45

1.45

1.45

1.45

Series 16 (g)
BMO.PR.M

6,267,391

0.85

0.85

1.30

1.30

1.30

Series 17 (h)
BMO.PR.R

5,732,609

0.62

0.65

-

-

-

Series 18 (i)
BMO.PR.N

-

-

0.81

1.63

1.63

1.63

Series 21 (j)
BMO.PR.O

-

-

1.22

1.63

1.63

1.63

Series 23 (k)
BMO.PR.P

-

0.68

1.35

1.35

1.35

1.35

Series 25 (l)
BMO.PR.Q

11,600,000

0.98

0.98

0.98

0.98

0.69

Series 27 (m)
BMO.PR.S

20,000,000

1.00

0.34

-

-

-

Series 29 (n)
BMO.PR.T

16,000,000

1.19

-

-

-

-

Series 31 (o)
BMO.PR.W

12,000,000

1.02

-

-

-

-

Series 33 (p)
BMO.PR.Y

8,000,000

-

-

-

-

-

Series 35 (q)
BMO.PR.T

6,000,000

-

-

-

-

-

Series 36 (r)
-

600,000

-

-

-

-

-

(a) Dividend amount paid in 2015 was $3.20. Dividend amount declared in 2015 was $3.24
(b) The Class B Preferred Shares Series 5 were issued in February 1998 and were redeemed in February 2013. Dividend amount declared in 2013 of $0.33 was included in the redemption price
(c) The Class B Preferred Shares Series 10 were issued in December 2001 and were redeemed in February 2012
(d) The Class B Preferred Shares Series 13 were issued in January 2007 and redeemed in May 2015
(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
(h) The Class B Preferred Shares Series 17 were issued in August 2013
(i) The Class B Preferred Shares Series 18 were issued in December 2008 and were redeemed in February 2014
(j) The Class B Preferred Shares Series 21 were issued in March 2009 and were redeemed in May 2014
(k) The Class B Preferred Shares Series 23 were issued in June 2009 and redeemed in February 2015
(l) The Class B Preferred Shares Series 25 were issued in March 2011
(m) The Class B Preferred Shares Series 27 (Non-Viability Contingent Capital (NVCC)) were issued in April 2014
(n) The Class B Preferred Shares Series 29 (Non-Viability Contingent Capital (NVCC)) were issued in May 2014
(o) The Class B Preferred Shares Series 31 (Non-Viability Contingent Capital (NVCC)) were issued in July 2014
(p) The Class B Preferred Shares Series 33 (Non-Viability Contingent Capital (NVCC)) were issued in June 2015
(q) The Class B Preferred Shares Series 35 (Non-Viability Contingent Capital (NVCC)) were issued in July 2015
(r) The Class B Preferred Shares Series 36 (Non-Viability Contingent Capital (NVCC)) were issued in October 2015 by way of private placement and are not listed on an exchange



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 40% to 50%, 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.


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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