Bank of Montreal - Dividend Declaration

RNS No 9012f
BANK OF MONTREAL 
28th October 1998


Bank of Montreal Declares Dividend


Toronto, October 27, 1998 - Bank of Montreal's Board of Directors today declared
a quarterly dividend of 44 cents a share on paid-up Common Shares of the bank
for the fourth quarter of fiscal year 1998, the same as for the previous
quarter.

For the current quarter, the board also declared a dividend of 56.250 cents a
share on paid-up Class A Preferred Series 4 of the bank, a dividend of
$4,765.625 a share on the paid-up Class A Preferred Shares Series 1 of the bank,
a dividend of 56.250 cents a share on paid-up Class B Preferred Shares Series 1
of the bank, a dividend of U.S. 42.190 cents a share on the paid-up Class B
Preferred Shares Series 2 of the bank, a dividend of 34.6875 cents a share on
the paid-up Class B Preferred Shares Series 3, a dividend of 30.00 cents a share
on the paid-up Class B Preferred Shares Series 4, a dividend of 33.125 cents a
share on the paid Class B Preferred Shares Series 5 of the bank, and a dividend
of 29.6875 a share on the paid-up Class B Preferred Shares Series 6 of the bank.

The dividend on the common shares is payable November 27 to shareholders of
record on November 6.  The dividend on the preferred shares is payable November
25 to shareholders of record on November 6.


Contacts:
Lynne Kilpatrick, Toronto, [phone]
Lucie Gosselin, Montreal,  [phone]

Internet: http://www.bmo.com

END

DIVGLBBGGXDCCII