This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Bank of Montreal declares 70-cent quarterly dividend 2009-11-24 09:13 ET - News Release Mr. Ralph Marranca reports BMO FINANCIAL GROUP DECLARES DIVIDEND
Bank of Montreal's board of directors is declaring a quarterly dividend of 70 cents per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2010, unchanged from the previous quarter.
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. 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. At this time, the board of directors has decided that the common shares purchased under the plan will be issued from treasury at a 2-per-cent discount from the average market price (as defined in the plan) until such time as the bank elects otherwise.
For the current quarter, the board of directors also declared dividends of:
- 33.125 cents a share on paid-up Class B preferred shares Series 5;
- 37.1875 U.S. cents a share on paid-up Class B preferred shares Series 10;
- 28.125 cents a share on paid-up Class B preferred shares Series 13;
- 32.8125 cents a share on paid-up Class B preferred shares Series 14;
- 36.25 cents a share on paid-up Class B preferred shares Series 15;
- 32.5 cents a share on paid-up Class B preferred shares Series 16;
- 40.625 cents a share on paid-up Class B preferred shares Series 18;
- 40.625 cents a share on paid-up Class B preferred shares Series 21;
- 33.75 cents a share on paid-up Class B preferred shares Series 23.
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