BMO Financial Group Declares Dividend



    TORONTO, May 26 /CNW/ - Bank of Montreal today announced that the Board
of Directors declared a quarterly dividend of $0.70 per share on paid-up
common shares of Bank of Montreal for the third quarter of fiscal year 2009,
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 two percent discount from the Average Market Price (as defined
in the Plan) until such time as the Bank elects otherwise.
    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.com\bmo, 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 Q3 2009 Dividend, Reinvestment Enrollment -
Participant Declaration Forms must be received by Computershare Trust Company
of Canada before the close of business on August 4, 2009.
    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 Q3 2009 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;
    US $0.371875 a share on paid-up Class B Preferred Shares Series 10;
    $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; and
    an initial dividend of $0.70342 a share on paid-up Class B Preferred
    Shares Series 21.
    

    The dividend on the common shares is payable on August 27, 2009 to
shareholders of record on August 7, 2009. The dividends on the preferred
shares are payable on August 25, 2009 to shareholders of record on August 7,
2009.
    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.





For further information:

For further information: For News Media Enquires: Ralph Marranca,
Toronto, ralph.marranca@bmo.com, (416) 867-3996, Ronald Monet, Montreal,
ronald.monet@bmo.com, (514) 877-1873; For Investor Relations Enquires: Viki
Lazaris, Toronto, viki.lazaris@bmo.com, (416) 867-6656, Steven Bonin, Toronto,
steven.bonin@bmo.com, (416) 867-5452, Internet: www.bmo.com


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