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

2021 Dividend Payment Dates

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
August 3, 2021 August 26, 2021 August 25, 2021
November 1, 2021 November 26, 2021 November 25, 2021

Recently Declared Dividends

(In C$ unless otherwise noted)
common shares declaration, record and payment dates
Common Shares:
Declaration Date: August 25 2020 Dec. 1 2020 Feb. 23 2021 May 26 2021
Record Date: Nov. 2 2020 Feb. 1 2021 May 3 2021 Aug. 3 2021
Payment Date: Nov. 26 2020 Feb. 26 2021 May 26 2021 Aug. 25 2021
Amount Paid: 1.06 1.06 1.06 1.06
preferred shares declaration, record and payment dates
Preferred Shares:
Declaration Date: August 25 2020 Dec. 1 2020 Feb. 23 2021 May 26 2021
Record Date: Nov. 2 2020 Feb. 1 2021 May 3 2021 Aug. 3 2021
Payment Date: Nov. 25 2020 Feb. 25 2021 May 26 2021 Aug. 25 2021
Series / Amount Paid:
Series 25 (Q) 0.112813 0.112813 0.112813 0.112813
Series 26 (A) 0.083052 0.078011 0.073516 0.078704
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 35 (Z) 0.3125
Series 36 , footnote 1 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
Footnote (1) details The Class B Preferred Shares Series 36 was issued by way of private placement and is not listed on any stock exchanges (1 liked)

Eligible Dividend Designation

For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, B 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 B M O indicates otherwise. Please consult with your own tax advisor for advice with respect to the income tax consequences to you of B 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. B 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 B 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.