News Releases

The Board of Directors of Bank of Montreal today declared a quarterly dividend of 33 cents a share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2003, unchanged from the previous quarter.

For the current quarter, the board also declared a dividend of 34.6875 cents a share on paid-up Class B Preferred Shares Series 3, a dividend of 30.00 cents a share on paid-up Class B Preferred Shares Series 4, a dividend of 33.125 cents a share on paid-up Class B Preferred Shares Series 5, a dividend of 29.6875 cents a share on paid-up Class B Preferred Shares Series 6, and a dividend of U.S. 37.1875 cents a share on paid-up Class B Preferred Shares Series 10 of BMO.

The dividend on the common shares is payable May 29 to shareholders of record on May 7.  The dividends on the preferred shares are payable May 26 to shareholders of record on May 7.

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