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, 2024
February 27, 2024
February 26, 2024
April 29, 2024
May 28, 2024
May 27, 2024
July 30, 2024
August 27, 2024
August 26, 2024
October 30, 2024
November 26, 2024
November 25, 2024
Recently Declared Dividends
(In C$ unless otherwise noted)
common shares declaration, record and payment dates
Common Shares:
Declaration Date:
Dec 01, 2023
Feb 27, 2024
May 29, 2024
Aug 27, 2024
Record Date:
Jan 30, 2024
Apr 29, 2024
Jul 30, 2024
Oct 30, 2024
Payment Date:
Feb 27, 2024
May 28, 2024
Aug 27, 2024
Nov 26, 2024
Amount Paid:
1.51
1.51
1.55
1.55
preferred shares declaration, record and payment dates
Preferred Shares:
Declaration Date:
Dec 01, 2023
Feb 27, 2024
May 29, 2024
Aug 27, 2024
Record Date:
Jan 30, 2024
Apr 29, 2024
Jul 30, 2024
Oct 30, 2024
Payment Date:
Feb 26, 2024
May 27, 2024
Aug 26, 2024
Nov 25, 2024
Series / Amount Paid:
Series 31 (W)
0.240688
0.240688
0.240688
0.240688
Series 33 (Y)
0.190875
0.190875
0.190875
0.190875
Series 44 (E)
0.426
0.426
0.426
0.426
Series 501footnote 1
36.865
36.865
Series 521footnote 1
35.285
35.285
Footnote 1 Series 50 and Series 52 may only be issued to institutional investors in the primary distribution, will be traded on institutional desks and will not be listed on any exchange, and have a minimum par or stated value of $1,000. Dividends, if declared, are payable semi-annually.
1
Series 50 and Series 52 may only be issued to institutional investors in the primary distribution, will be traded on institutional desks and will not be listed on any exchange, and have a minimum par or stated value of $1,000. Dividends, if declared, are payable semi-annually.
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.
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.
