Bank of Montreal (NYSE: BMO)

Bank of Montreal (BMO) DRIP Rating:


Quick Takeaway: Bank of Montreal offers a PREMIER DRIP plan for DRIP investors. All purchase and dividend reinvestment fees are paid by the company and optional cash purchases can be made on a monthly basis. In addition, Agnico Eagle DRIP investors will receive a discount up to 5% off the current share price when reinvesting dividends (open to Canadians and Americans).Bank of Montreal DRIP Plan Prospectus


Bank of Montreal DRIP Plan Summary:
Fees/Investment Options
Consecutive Years of Higher Dividends 3
Purchase Fees NONE (Paid by Bank of Montreal)
Dividend Reinvestment Fee NONE (Paid by Bank of Montreal)
Discount on Reinvested Dividends up to 5%
Direct Enrollment(DE)? No
DE Minimum Investment NA
Optional Cash Purchases (OCP)? Yes
OCP Minimum None
OCP Maximum $40,000/year
OCP Purchases Made Monthly
Transfer Agent Computershare
Note: Dividend history reflects Canadian Dollar payments. US Dollar equivalents could be higher or lower based on foreign exchange rates at time of payment.
Key Dividend Data 2011 2012 2013 2014 2015
Dividend $2.80 $2.80 $2.92 $3.04 $3.20
Percent Increase by Year - 0.0% 4.3% 4.1% 5.3%

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Company Profile

Bank of Montreal is a Canadian financial services company. It is the longest-running dividend-paying company in Canada and seeks to pay out 40%-50% of its earnings in dividends to shareholders over time.

Key Products & Brands:

checking and savings, credit cards, mortgages, insurance, wealth management and investment banking

Next Dividend Payment:

Next Dividend: $0.80/share (estimate)
Ex-Date: late-April 2016
Record Date: May 2, 2016
Dividend Paid: May 26, 2016

Transfer Agent Contact:

Computershare Trust Company of Canada>
100 University Avenue, 8th Floor
Toronto, Ontario M5J 2Y1
Phone: 800-341-5021


Investor Relations Website


* By clicking this button you will initiate a share purchase request to other FirstShare community members.