BMO Financial Group Declares Dividend



    TORONTO, Aug. 25 /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 fourth 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.
    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;
    -   $0.40625 a share on paid-up Class B Preferred Shares Series 21; and
    -   an initial dividend of $0.58808 a share on paid-up Class B Preferred
        Shares Series 23
    

    The dividend on the common shares is payable on November 26, 2009 to
shareholders of record on November 6, 2009. The dividends on the preferred
shares are payable on November 25, 2009 to shareholders of record on November
6, 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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