BMOB M O Financial Group is the longest-running dividend-paying company in Canada. BMOB M O’s policy is to pay out 40% to 50% of its earnings in dividends to shareholders over time.
Record and payment dates are subject to approval by the Board of Directors
common and preferred shares record and payment dates
Common and Preferred Shares Record Dates
Common Shares Payment Dates
Preferred Shares Payment Dates
January 30, 2023
February 28, 2023
February 27, 2023
April 28, 2023
May 26, 2023
May 25, 2023
July 28, 2023
August 28, 2023
August 25, 2023
October 30, 2023
November 28, 2023
November 27, 2023
Recently Declared Dividends
(In C$ unless otherwise noted)
common shares declaration, record and payment dates
Common Shares:
Declaration Date:
Mar. 1 2022
May 25 2022
Aug. 30 2022
Dec.1 2022
Record Date:
May 2 2022
Aug. 2 2022
Nov. 1 2022
Jan. 30 2023
Payment Date:
May 26 2022
Aug. 26 2022
Nov. 28 2022
Feb. 28 2023
Amount Paid:
1.33
1.39
1.39
1.43
preferred shares declaration, record and payment dates
Preferred Shares:
Declaration Date:
Mar. 1 2022
May 25 2022
Aug. 30 2022
Dec. 1 2022
Record Date:
May 2 2022
Aug. 2 2022
Nov. 1 2022
Jan. 30 2023
Payment Date:
May 25 2022
Aug. 25 2022
Nov. 25 2022
Feb. 27 2023
Series / Amount Paid:
Series 25 (Q)
Series 26 (A)
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)
0.240688
0.240688
0.240688
0.240688
Series 33 (Y)
0.190875
0.190875
0.190875
0.190875
Series 38 (B)
0.28125
Series 40 (C)
Series 42 (D)
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
Eligible Dividend Designation
For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, BMOB M O 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 BMOB M O indicates otherwise.
Please consult with your own tax advisor for advice with respect to the income tax consequences to you of BMOB M O 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. BMOB M O’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 BMOB M O 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.
