Bank Of Montreal (TSE:BMO) has released an update.
The Bank of Montreal has announced a steady quarterly dividend of $1.51 per common share for Q2 2024, along with dividends for various classes of preferred shares, all payable in late May 2024 to shareholders on record by late April 2024. Eligible for tax purposes, these dividends come with an option for shareholders to reinvest their cash dividends into additional common shares. However, unlike the previous quarter, the reinvestment for this quarter will not include a discount when purchasing additional shares on the open market.
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