BMO Financial Group Increases Dividend



    TORONTO, March 1 /CNW/ - The Board of Directors of Bank of Montreal today
declared a quarterly dividend of 68 cents a share on paid-up common shares of
Bank of Montreal for the second quarter of fiscal year 2007, up 3 cents from
the previous quarter.
    The dividend on the common shares is payable May 30, 2007 to shareholders
of record on May 4, 2007.
    For the current quarter, the Board also declared a dividend of 30.00
cents a share on paid-up Bank of Montreal Class B Preferred Shares Series 4, a
dividend of 33.125 cents a share on paid-up Bank of Montreal Class B Preferred
Shares Series 5, a dividend of 29.6875 cents a share on paid-up Bank of
Montreal Class B Preferred Shares Series 6, a dividend of US37.1875 cents a
share on paid-up Bank of Montreal Class B Preferred Shares Series 10, and an
initial dividend of 39.452 cents a share on paid-up Bank of Montreal Class B
Preferred Shares Series 13.
    The dividends on the preferred shares are payable May 25, 2007 to
shareholders of record on May 4, 2007.
    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 legislation.





For further information:

For further information: Media Relations: Ralph Marranca, Toronto,
ralph.marranca@bmo.com, (416) 867-3996; Ronald Monet, Montreal,
ronald.monet@bmo.com, (514) 877-1101; Investor Relations: 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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