BMO Financial Group Declares Dividends

Toronto (ots/PRNewswire) - Bank of Montreal (TSX: BMO) (NYSE: BMO)
today announced that its Board of Directors declared a quarterly
dividend of $1.03 per share on paid-up common shares of Bank of
Montreal for the fourth quarter of fiscal year 2019 ("Q4 2019
Dividend"), unchanged from the previous quarter and up 7 per cent
from the prior year.

The Board of Directors also declared dividends of:

- $0.112813 per share on paid-up Class B Preferred Shares Series 25;
- $0.176123 per share on paid-up Class B Preferred Shares Series 26;
- $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;
- $0.2375 per share on paid-up Class B Preferred Shares Series 31;
- $0.2375 per share on paid-up Class B Preferred Shares Series 33;
- $0.3125 per share on paid-up Class B Preferred Shares Series 35;
- $14.625 per share on paid-up Class B Preferred Shares Series 36[1];
- $0.303125 per share on paid-up Class B Preferred Shares Series 38;
- $0.28125 per share on paid-up Class B Preferred Shares Series 40;
- $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 November 26, 2019,
to shareholders of record on November 1, 2019. The dividends on the
preferred shares are payable on November 25, 2019, to shareholders of
record on November 1, 2019.

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.

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"). For the Q4 2019 Dividend declared today and subsequently
until further notice, common shares under the Plan will be purchased
on the open market.

For registered shareholders who wish to participate in the Plan,
Enrolment Forms must be received by the Bank's transfer agent,
Computershare Trust Company of Canada, by the close of business on
November 5, 2019. Beneficial or non-registered holders must contact
their financial institution or broker well in advance of the above
date for instructions on how to participate.

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

[1] The Class B Preferred Shares Series 36 was issued by way of
private placement and is not listed on any stock exchanges.

For News Media Enquiries: Paul Gammal, Toronto,
paul.gammal@bmo.com , +1 (416) 867-3996; For Investor Relations
Enquiries: Jill Homenuk, Toronto, jill.homenuk@bmo.com , +1 (416)
867-4770; Tom Little, Toronto, tom.little@bmo.com , +1 (416)
867-7834; Internet: www.bmo.com

ots Originaltext: BMO Financial Group
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Original-Content von: BMO Financial Group, übermittelt durch news aktuell