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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.

2019 Dividend Payment Dates
Recently Declared Dividends
Eligible Dividend Designation
Dividends Paid in Prior Years
Dividend Policy and Restrictions
Common Share History






2019 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, 2019

February 26, 2019

February 25, 2019

May 1, 2019

May 28, 2019

May 27, 2019

August 1, 2019

August 27, 2019

August 26, 2019

November 1, 2019

November 26, 2019

November 25, 2019





Recently Declared Dividends

(In C$ unless otherwise noted)

Common Shares:

 

 

 

 

Declaration
Date:

May 30
2018

Aug. 28
2018

Dec. 4
2018

Feb. 26
2019

Record
Date:

Aug. 1
2018

Nov. 1
2018

Feb. 1
2019

May 1
2019

Payment
Date:

Aug. 28
2018

Nov. 27
2018

Feb. 26
2019

May 28
2019

Amount
Paid:

0.96

0.96

1.00

1.00


Preferred Shares:

 

 

 

 

Declaration
Date:

May 30
2018

Aug. 28
2018

Dec. 4
2018

Feb. 26
2019

Record
Date:

Aug. 1
2018

Nov. 1
2018

Feb. 1
2019

May 1
2019

Payment
Date:

Aug. 27
2018

Nov. 26
2018

Feb. 25
2019

May 27
2019

Series / Amount Paid:

 

 

 

 

Series 16 (M)

0.211875

 

 

 

Series 17 (R)

0.179589

 

 

 

Series 25 (Q)

0.112813

0.112813

0.112813

0.112813

Series 26 (A)

0.148082

0.163332

0.177132

0.169283

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)

0.2375

0.2375

0.2375

0.2375

Series 35 (Z)

0.3125

0.3125

0.3125

0.3125

Series 36 1

14.625

14.625

14.625

14.625

Series 38 (B)

0.303125

0.303125

0.303125

0.303125

Series 40 (C)

0.28125

0.28125

0.28125

0.28125

Series 42 (D)

0.275

0.275

0.275

0.275

Series 44 (E)

 

 

0.53483

0.303125


(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 2018 and Prior Years

(In C$ unless otherwise noted)

Dividend History

Class / Ticker

Shares Outstanding at Oct. 31, 2018

2018

2017

2016

2015

2014

Common

 

 

 

 

 

 

BMO (a)

639,329,625

3.72

3.52

3.36

3.20

3.04

Preferred:

 

 

 

 

 

 

Series 13 (b)
BMO.PR.J

-

-

-

-

0.84

1.13

Series 14 (c)
BMO.PR.K

-

-

0.98

1.31

1.31

1.31

Series 15 (d)
BMO.PR.L

-

-

1.09

1.45

1.45

1.45

Series 16 (e)
BMO.PR.M

-

0.85

0.85

0.85

0.85

0.85

Series 17 (f)
BMO.PR.R

-

0.67

0.54

0.54

0.62

0.65

Series 18 (g)
BMO.PR.N

-

-

-

-

-

0.81

Series 21 (h)
BMO.PR.O

-

-

-

-

-

1.22

Series 23 (i)
BMO.PR.P

-

-

-

-

0.68

1.35

Series 25 (j)
BMO.PR.Q

9,425,607

0.45

0.45

0.98

0.98

0.98

Series 26 (k)
BMO.PR.A

2,174,393

0.54

0.31

-

-

-

Series 27 (l)
BMO.PR.S

20,000,000

1.00

1.00

1.00

1.00

0.34

Series 29 (m)
BMO.PR.T

16,000,000

0.98

0.98

0.98

1.19

-

Series 31 (n)
BMO.PR.W

12,000,000

0.95

0.95

0.95

1.02

-

Series 33 (o)
BMO.PR.Y

8,000,000

0.95

0.95

1.16

-

-

Series 35 (p)
BMO.PR.Z

6,000,000

1.25

1.25

1.35

-

-

Series 36 (q)
-

600,000

58.50

58.50

35.88

-

-

Series 38 (r)
BMO.PR.B

24,000,000

1.21

1.03

-

-

-

Series 40 (s)
BMO.PR.C

20,000,000

1.13

0.52

-

-

-

Series 42 (t)
BMO.PR.D

16,000,000

1.55

-

-

-

-

Series 44 (u)
BMO.PR.E

16,000,000

-

-

-

-

-

(a) Dividend amount paid in 2018 was $3.72. Dividend amount declared in 2018 was $3.78
(b) Series 13 were issued in January 2007 and redeemed in May 2015
(c) Series 14 were issued in September 2007 and redeemed in May 2017
(d) Series 15 were issued in March 2008 and redeemed in May 2017
(e) Series 16 were issued in June 2008
(f) Series 17 were issued in August 2013
(g) Series 18 were issued in December 2008 and were redeemed in February 2014
(h) Series 21 were issued in March 2009 and were redeemed in May 2014
(i) Series 23 were issued in June 2009 and redeemed in February 2015
(j) Series 25 were issued in March 2011
(k) Series 26 were issued in August 2016
(l) Series 27 Non-Viability Contingent Capital (NVCC) were issued in April 2014
(m) Series 29 (NVCC) were issued in June 2014
(n) Series 31 (NVCC) were issued in July 2014
(o) Series 33 (NVCC) were issued in June 2015
(p) Series 35 (NVCC) were issued in July 2015
(q) Series 36 (NVCC) were issued in October 2015 by way of private placement and are not listed on an exchange
(r) Series 38 (NVCC) were issued in October 2016
(t) Series 40 (NVCC) were issued in March 2017
(s) Series 42 (NVCC) were issued in June 2017
(s) Series 44 (NVCC) were issued in September 2018



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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