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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.

2020 Dividend Payment Dates
Recently Declared Dividends
Eligible Dividend Designation
Dividend Policy and Restrictions
Common Share History






2020 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 3, 2020

February 26, 2020

February 25, 2020

May 1, 2020

May 26, 2020

May 25, 2020

August 4, 2020

August 26, 2020

August 25, 2020

November 2, 2020

November 26, 2020

November 25, 2020





Recently Declared Dividends

(In C$ unless otherwise noted)

Common Shares:

 

 

 

 

Declaration
Date:

Aug. 27
2019

Dec. 3
2019

Feb. 25
2020

May 27
2020

Record
Date:

Nov. 1
2019

Feb. 3
2020

May 1
2020

Aug. 4
2020

Payment
Date:

Nov. 26
2019

Feb. 26
2020

May 26
2020

Aug. 26
2020

Amount
Paid:

1.03

1.06

1.06

1.06


Preferred Shares:

 

 

 

 

Declaration
Date:

Aug. 27
2019

Dec. 3
2019

Feb. 25
2020

May 27
2020

Record
Date:

Nov. 1
2019

Feb. 3
2020

May 1
2020

Aug. 4
2020

Payment
Date:

Nov. 25
2019

Feb. 25
2020

May 25
2020

Aug. 25
2020

Series / Amount Paid:

 

 

 

 

Series 25 (Q)

0.112813

0.112813

0.112813

0.112813

Series 26 (A)

0.176123

0.175556

0.17211

0.089605

Series 27 (S)

0.24075

0.24075

0.24075

0.24075

Series 29 (T)

0.2265

0.2265

0.2265

0.2265

Series 31 (W)

0.2375

0.240688

0.240688

0.240688

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)

0.303125

0.303125

0.303125

0.303125

Series 46 (F)

0.31875

0.31875

0.31875

0.31875


(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”.



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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