BMO Financial Group Increases Common Share Dividend by 4 Cents Fromthe Prior Quarter, Up 8 Per Cent From the Prior Year

Toronto (ots/PRNewswire) – Bank of Montreal (TSX: BMO) (NYSE: BMO)
today announced that its Board of Directors declared a quarterly
dividend of $1.00 per share on paid-up common shares of Bank of
Montreal for the first quarter of fiscal year 2019 („Q1 2019
Dividend“), a 4 cent increase from the previous quarter and up 8 per
cent from the prior year.

The Board of Directors also declared dividends of:

* $0.112813 per share on paid-up Class B Preferred Shares Series
25;

* $0.177132 per share on paid-up Class B Preferred Shares Series
26;

* $0.25 per share on paid-up Class B Preferred Shares Series 27;

* $0.24375 per share on paid-up Class B Preferred Shares Series 29;

* $0.2375 per share on paid-up Class B Preferred Shares Series 31;

* $0.2375 per share on paid-up Class B Preferred Shares Series 33;

* $0.3125 per share on paid-up Class B Preferred Shares Series 35;

* $14.625 per share on paid-up Class B Preferred Shares Series
36(1);

* $0.303125 per share on paid-up Class B Preferred Shares Series
38;

* $0.28125 per share on paid-up Class B Preferred Shares Series 40;

* $0.275 per share on paid-up Class B Preferred Shares Series 42;
and

* $0.53483 per share on paid-up Class B Preferred Shares Series 44.

The dividend on the common shares is payable on February 26, 2019, to
shareholders of record on February 1, 2019. The dividends on the
preferred shares are payable on February 25, 2019, to shareholders of
record on February 1, 2019.

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.

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 (the
„Plan“). For the Q1 2019 Dividend declared today and subsequently
until further notice, common shares under the Plan will be purchased
on the open market.

For registered shareholders who wish to participate in the Plan,
Enrolment Forms must be received by the Bank’s transfer agent,
Computershare Trust Company of Canada, by the close of business on
February 5, 2019. Beneficial or non-registered holders must contact
their financial institution or broker well in advance of the above
date for instructions on how to participate.

More information about the Plan and how to enroll can be found at:

http://www.bmo.com/home/about/banking/investor-relations/shareholder-
information/dividend-reinvestment-plan

(1) The Class
B Preferred
Shares Series 36 was issued
by way of private
placement and is not listed on
any stock exchanges.

For News Media Enquiries: Paul Gammal, Toronto, paul.gammal@bmo.com,
(416) 867-3996; For Investor Relations Enquiries: Jill Homenuk,
Toronto, jill.homenuk@bmo.com, (416) 867-4770; Christine Viau,
Toronto, christine.viau@bmo.com, (416) 867-6956; Internet:
www.bmo.com

Digital press kit: http://www.ots.at/pressemappe/PR56914/aom

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