BMO Financial Group Increases Dividend
For the current quarter, the Board of Directors also declared dividends of:
-- $0.33125 a share on paid-up Class B Preferred Shares Series 5;
-- $0.28125 a share on paid-up Class B Preferred Shares Series 13;
-- $0.328125 a share on paid-up Class B Preferred Shares Series 14;
-- $0.3625 a share on paid-up Class B Preferred Shares Series 15;
-- $0.325 a share on paid-up Class B Preferred Shares Series 16;
-- $0.40625 a share on paid-up Class B Preferred Shares Series 18;
-- $0.40625 a share on paid-up Class B Preferred Shares Series 21;
-- $0.3375 a share on paid-up Class B Preferred Shares Series 23; and
-- $0.24375 a share on paid-up Class B Preferred Shares Series 25.
The dividend on the common shares is payable on November 28, 2012, to shareholders of record on November 1, 2012. The dividends on the preferred shares are payable on November 26, 2012, to shareholders of record on November 1, 2012.
The above-mentioned dividends on the common and preferred shares are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
The bank also changed its target dividend payout range (common share dividends as a percentage of net income attributable to shareholders less preferred share dividends) to 40%-50%.
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). Under the Plan, the Board of Directors determines whether the common shares will be purchased on the secondary market or issued by the bank from treasury. For the dividend payable on November 28, 2012, given the strength of the bank’s capital position, the common shares purchased under the Plan will be issued from treasury without a discount. Previously, common shares purchased under the Plan were issued at a two per cent discount from the average market price of the common shares (as defined in the Plan).
Any registered shareholder who has not enrolled in the Plan and wishes to do so must sign a Reinvestment Enrollment - Participant Declaration Form and return it to the bank's transfer agent, Computershare Trust Company of Canada, at:
Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Toronto, Ontario
M5J 2Y1
Reinvestment Enrollment - Participant Declaration Forms may be obtained from Computershare Trust Company of Canada on its website at www.computershare.combmo, or by calling 1-800-340-5021 from within Canada or the United States or 514-982-7800 from all other countries.
To participate in the Q4 2012 Dividend, Reinvestment Enrollment - Participant Declaration Forms from registered shareholders must be received by Computershare Trust Company of Canada before the close of business on October 29, 2012.
Non-registered shareholders must contact their financial institutions, brokers or other intermediaries for instructions on how to participate in the Plan and should do so well in advance of the above date in order to participate in the Q4 2012 Dividend.
Website: http://www.bmo.com
Contact
For News Media Enquiries:
Ralph Marranca, Toronto
(416) 867-3996
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Valerie Doucet, Montreal
(514) 877-8224
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For Investor Relations Enquiries:
Sharon Haward-Laird, Toronto
(416) 867-6656
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Michael Chase, Toronto
(416) 867-5452
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This news is a press release provided by BMO Financial Group. Korea Newswire follows these editorial guidelines.
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2016년 2월 25일 08:29