Bank Of Montreal (TSE:BMO) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The Bank of Montreal has announced it will redeem all outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 31, worth $300 million on November 25, 2024. This move is in line with regulatory approval and includes a final quarterly dividend payment to shareholders of record as of October 30, 2024. The BMO Financial Group, with a history of 200 years, continues its commitment to growth and positive societal impact.
For further insights into TSE:BMO stock, check out TipRanks’ Stock Analysis page.