Bank of Montreal (BMO), one of Canada's financial institutions, made an announcement today regarding its dividend payouts. The company's Board of Directors has approved a quarterly dividend increase for the third quarter of fiscal year 2023, reflecting BMO's commitment to delivering value to its shareholders.

‍

Dividend Increase Details

The Board of Directors has declared a quarterly dividend of $1.47 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2023, marking a 4 cent or 3 percent increase from the previous quarter. This represents a 6 percent increase compared to the same quarter in the previous year.

‍

Preferred Shares Dividends

In addition to the common shares dividend, the Board of Directors has also declared dividends on various classes of preferred shares. These include:

1. Paid-up Class B Preferred Shares Series 27: $0.24075 per share.
2. Paid-up Class B Preferred Shares Series 29: $0.2265 per share.
3. Paid-up Class B Preferred Shares Series 31: $0.240688 per share.
4. Paid-up Class B Preferred Shares Series 33: $0.190875 per share.
5. Paid-up Class B Preferred Shares Series 44: $0.303125 per share.
6. Paid-up Class B Preferred Shares Series 46: $0.31875 per share.

‍

Payment and Record Dates

The dividend on the common shares will be payable on August 28, 2023, to shareholders of record on July 28, 2023. Similarly, the dividends on the preferred shares will be paid on August 25, 2023, to shareholders of record on July 28, 2023.

‍

‍

‍

Members of LevelFields received the alert of this event on May 24, 6:25 AM ET