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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.

2014 Dividend Payment Dates
Dividends Paid in 2014
Eligible Dividend Designation
Dividends Paid in Prior Years
Dividend Policy and Restrictions
Common Share History






2014 Dividend Payment Dates
Subject to approval by the Board of Directors

Common and Preferred Shares Record Dates

Common Shares Payment Dates

Preferred Shares Payment Dates

February 3

February 26

February 25

May 1

May 27

May 26

August 1

August 26

August 25

November 3

November 26

November 25





Dividends Paid in 2014

Issue , Class

Dividends paid to shareholders of Record on Feb. 3, 2014

Dividends paid to shareholders of Record on May 1, 2014

Dividends paid to shareholders of Record on Aug. 1, 2014

     

Common

$0.76

$0.76

$0.78

 

Preferred Class B:                

                

               

Series 13

$0.28125

$0.28125

$0.28125

 

Series 14

$0.328125

$0.328125

$0.328125

 

Series 15

$0.3625

$0.3625

$0.3625

 

Series 16

$0.211875

$0.211875

$0.211875

 

Series 17

$0.161630

$0.154714

$0.163142

 

Series 18

$0.40625

-

-

 

Series 21

$0.40625

$0.40625

-

 

Series 23

$0.3375

$0.3375

$0.3375

 

Series 25

$0.24375

$0.24375

$0.24375

 

Series 27

-

-

$0.33973

 





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 2013 and Prior Years


Issue / Class

Ticker

Shares Outstanding at October 31, 2013

2013

2012

2011

2010

2009

Common

BMO

644,129,945

$2.92 (a)

$2.80

$2.80

$2.80

$2.80

Preferred
Class B:

Series 5(b)

BMO.PR.H

$0.66

$1.33

$1.33

$1.33

$1.33

Series 10(c)

BMO.PR.V

US$0.37

US$1.49

US$1.49

US$1.49

US$1.49

Series 13(d)

BMO.PR.J

14,000,000

$1.13

$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

$1.30

$1.30

$1.30

$1.30

$1.30

Series 17(h)

BMO.PR.R

5,732,609

Series 18(i)

BMO.PR.N

6,000,000

$1.63

$1.63

$1.63

$1.63

$1.55

Series 21(j)

BMO.PR.O

11,000,000

$1.63

$1.63

$1.63

$1.63

$1.11

Series 23(k)

BMO.PR.P

16,000,000

$1.35

$1.35

$1.35

$1.35

$0.59

Series 25(l)

BMO.PR.Q

11,600,000

$0.98

$0.69

$0.69

(a) Dividend amount paid in 2013 was $2.92. Dividend amount declared in 2013 was $2.94.
(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.
(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.
(j) The Class B Preferred Shares Series 21 were issued in March 2009.
(k) The Class B Preferred Shares Series 23 were issued in June 2009.
(l) The Class B Preferred Shares Series 25 were issued in March 2011.



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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