The Board of Directors also declared dividends of:
$0.24075 per share on paid-up Class B Preferred Shares Series 27;$0.2265 per share on paid-up Class B Preferred Shares Series 29;$0.240688 per share on paid-up Class B Preferred Shares Series 31;$0.190875 per share on paid-up Class B Preferred Shares Series 33;$0.275 per share on paid-up Class B Preferred Shares Series 42;$0.303125 per share on paid-up Class B Preferred Shares Series 44; and$0.31875 per share on paid-up Class B Preferred Shares Series 46.
The dividend on the common shares is payable on
The above-mentioned dividends on the common and preferred shares are designated as "eligible" dividends for the purposes of the Income Tax Act (
Common shareholders may elect to have their cash dividends reinvested in common shares of the Bank in accordance with the Bank's Shareholder Dividend Reinvestment and Share Purchase Plan (the "Plan").
As previously announced, and until further notice, such additional common shares will be issued from treasury with a two percent discount from the Average Market Price (as defined in the Plan). The discount will not apply to common shares purchased under the "Optional Cash Payment" feature of the Plan.
For existing members of the Plan, the discount will automatically be applied to the reinvestment of the Q3 2022 Dividend. For registered shareholders who wish to participate in the Plan and thereby receive the two percent discount in respect of the Q3 2022 Dividend, Enrolment Forms must be received by the Bank's transfer agent,
More information about the Plan and how to enroll can be found at:
http://www.bmo.com/home/about/banking/investor-relations/shareholder-information/dividend-reinvestment-plan
SOURCE
© Canada Newswire, source