Bank of Montreal Dividends and Buybacks
Dividend criteria checks 5/6
Bank of Montreal is a dividend paying company with a current yield of 2.72% that is well covered by earnings. Next payment date is on 26th August, 2026 with an ex-dividend date of 30th July, 2026.
Key information
2.7%
Dividend yield
2.5%
Buyback Yield
| Total Shareholder Yield | 5.2% |
| Future Dividend Yield | 2.9% |
| Dividend Growth | 7.4% |
| Next dividend pay date | 26 Aug 26 |
| Ex dividend date | 30 Jul 26 |
| Dividend per share | n/a |
| Payout ratio | 51% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 23
BMO: Future Returns Will Balance U.S. Expansion Momentum And Credit Costs
Bank of Montreal's analyst price target has been updated to CA$228.61 from CA$225.11, reflecting analysts' use of higher revenue growth and profit margin assumptions, supported by recent Q2-driven target increases across several firms. Analyst Commentary Recent research updates around Bank of Montreal point to a wide range of views on the stock, with most analysts adjusting price targets after the fiscal Q2 report and reassessing where the shares sit on valuation, execution and growth potential.Analysis Article • Jun 17
Bank of Montreal (TSX:BMO) Stock Could Be 5.4% Overvalued After Its Recent Run
Recent share price moves in Bank of Montreal (TSX:BMO) have drawn attention, with the stock rising over the past week, month, and past three months. This has prompted investors to reassess its current valuation and fundamentals. See our latest analysis for Bank of Montreal. Looking beyond this recent strength, Bank of Montreal’s share price has a year to date share price return of 30.59%, while its 1 year total shareholder return of 69.79% reflects performance supported by dividends and...Narrative Update • Jun 05
BMO: Future Returns Will Balance U.S. ROE Plans And Credit Costs
The analyst price target for Bank of Montreal is updated to CA$225.11 from CA$206.79, reflecting researchers' focus on U.S. lending volume potential, improving return on equity trends, and evidence of positive operating leverage in recent results. Analyst Commentary Recent Street research on Bank of Montreal centers on the implications of its fiscal Q2 report, updated credit loss guidance, and the potential for U.S. growth, particularly in California.Narrative Update • May 14
BMO: Future Returns Will Reflect ROE Expansion Plans And Tech Risk Management
Analysts have nudged the Bank of Montreal fair value estimate higher, with a modest move in the price target supported by a series of recent CA$1 to CA$13 target hikes across the Street, as firms refresh their models around earnings, return on equity plans, and U.S. loan growth assumptions. Analyst Commentary Recent research updates sketch out a mixed backdrop for Bank of Montreal, with most firms lifting price targets while one firm has turned more cautious on the stock.Narrative Update • Apr 26
BMO: Future Returns Will Reflect ROE Progress And Mixed Capital Markets Upside
Analysts have lifted Bank of Montreal's average price target, with recent moves taking it into a CA$195 to CA$219 range. They cited factors such as Q1 earnings that topped estimates, progress on efficiency and return on equity, and updated views on capital markets and U.S. loan growth potential.Narrative Update • Apr 10
BMO: Future Returns Will Hinge On ROE Delivery And Capital Markets Momentum
The analyst price target for Bank of Montreal has been nudged higher to approximately CA$204.43 from about CA$204.14, with analysts pointing to updated views on revenue growth, discount rates and future P/E assumptions, along with a series of recent target raises that balance mixed ratings across the Street. Analyst Commentary Recent research on Bank of Montreal offers a mix of optimism and caution, with several firms updating targets and ratings around the latest earnings and sector outlooks.Narrative Update • Mar 26
BMO: Future Returns Will Balance ROE Execution With Capital Markets Uncertainty
Analysts have trimmed the Bank of Montreal fair value estimate by about CA$1 to CA$204.14. This reflects a slightly higher discount rate and updated price targets in the CA$199 to CA$219 range that factor in recent earnings, return on equity initiatives and capital markets expectations.Narrative Update • Mar 11
BMO: Future Returns Will Reflect Clearer ROE Path And Execution Risks
The analyst price target for Bank of Montreal moves higher, with our fair value estimate rising by about CA$9 to CA$205.14 as analysts factor in recent target increases across the Street. This is supported by views of improved earnings quality, clearer ROE improvement timelines, and a more constructive outlook on capital markets and U.S. loan growth.Narrative Update • Feb 24
BMO: Future Returns Will Reflect Clearer ROE Path And Capital Markets Recovery
Analysts have raised their implied fair value for Bank of Montreal to CA$195.80 from CA$186.67, citing higher price targets across the Street, improved capital markets expectations, clearer ROE improvement timelines, and the potential for renewed U.S. loan growth. Analyst Commentary Recent research updates show a cluster of target price increases and rating upgrades for Bank of Montreal, with bullish analysts focusing on capital markets, earnings visibility and potential U.S. loan growth as key pillars behind higher implied fair value estimates.Narrative Update • Feb 10
BMO: Future Returns Will Reflect Narrowing ROE Gap And Capital Returns
Analysts have nudged their fair value estimate for Bank of Montreal higher to about $186.67 from $183.93, reflecting updated price targets that are based on views of a gradually narrowing return on equity gap and steady expectations for revenue growth, profit margins and future P/E. Analyst Commentary Recent research coverage on Bank of Montreal reflects a mix of optimism and caution, with price targets clustering in a relatively tight range and ratings spread between Buy and various forms of Perform.Narrative Update • Jan 26
BMO: Future Returns Will Balance U.S. Credit Recovery With Capital Returns
Narrative update The analyst price target for Bank of Montreal has edged up by about C$0.27 to reflect a slightly higher fair value and a modestly lower discount rate. Analysts are weighing recent target increases from Scotiabank and Canaccord against more cautious Sector Perform and Market Perform views, with price targets around C$181 to C$191.Analysis Article • Jan 19
Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.67
Bank of Montreal ( TSE:BMO ) will increase its dividend from last year's comparable payment on the 26th of February to...Narrative Update • Jan 10
BMO: Future Returns Will Weigh U.S. Credit Recovery Against Capital Returns
The updated analyst price target for Bank of Montreal edges higher to about C$184 from about C$182. This reflects recent target increases into the C$181 to C$192 range as analysts factor in revised fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.Analysis Article • Jan 02
Bank of Montreal's (TSE:BMO) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Bank of Montreal ( TSE:BMO ) has announced that it will be paying its dividend of CA$1.67 on the 26th of...Narrative Update • Dec 26
BMO: Future Returns Will Balance U.S. Credit Recovery And Capital Deployment
The analyst price target for Bank of Montreal has nudged higher by about C$1 to roughly C$182, as analysts factor in slightly stronger long term earnings power supported by rising Street targets, even as they temper expectations for further upside because much of the U.S. credit improvement is already reflected in the share price. Analyst Commentary Street research on Bank of Montreal reflects a more balanced stance, with recent target hikes offset by rating downgrades as the stock recovers from prior U.S. credit issues.Narrative Update • Dec 11
BMO: Future Returns Will Reflect U.S. Branch Sales And Credit Recovery
The analyst price target for Bank of Montreal has been nudged higher by about C$5 to C$181. Analysts are factoring in modestly stronger revenue growth and profitability expectations, while still reflecting a higher perceived risk profile in their discount rates.Narrative Update • Nov 27
BMO: Future Performance Will Reflect U.S. Divestitures And Earnings Recovery Trends
The analyst price target for Bank of Montreal has increased modestly, rising from C$171 to approximately C$176. Analysts cite improved U.S. operations and stronger revenue growth expectations as key factors supporting the upward revision.Narrative Update • Nov 13
BMO: Future Results Will Balance Earnings Momentum With U.S. Restructuring Risks
The analyst price target for Bank of Montreal has increased modestly from C$168 to C$171. This reflects analysts' improved outlook based on recent earnings strength, lowered credit losses, and enhanced operating metrics across key business segments.Narrative Update • Aug 27
Portfolio Optimization And Digital Expansion Will Strengthen Future Performance
Despite a reduction in consensus revenue growth forecasts, a higher anticipated future P/E multiple has driven an increase in Bank of Montreal’s analyst price target from CA$158.53 to CA$163.71. What's in the News Bank of Montreal (BMO) and Royal Bank of Canada (RBC) are exploring the sale of their Canadian payments joint venture, Moneris Solutions, in a deal that could value the business at up to $2 billion; the process is in early stages and a sale is not guaranteed (Reuters, Key Developments, 2025-08-14).
New Narrative • Dec 08
Digital Banking Innovations And AI Investments Propel US Expansion And Earnings Growth
Investments in digital banking and technology modernization will drive efficiency, potentially boosting margins through reduced costs.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BMO's dividends per share have been stable in the past 10 years.
Growing Dividend: BMO's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Bank of Montreal Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BMO) | 2.7% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.4% |
| Industry Average (Banks) | 2.7% |
| Analyst forecast (BMO) (up to 3 years) | 2.9% |
Notable Dividend: BMO's dividend (2.72%) is higher than the bottom 25% of dividend payers in the Canadian market (1.7%).
High Dividend: BMO's dividend (2.72%) is low compared to the top 25% of dividend payers in the Canadian market (5.44%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.6%), BMO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BMO's dividends in 3 years are forecast to be well covered by earnings (42.9% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/31 18:05 |
| End of Day Share Price | 2026/07/31 00:00 |
| Earnings | 2026/04/30 |
| Annual Earnings | 2025/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bank of Montreal is covered by 28 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Will Chien | Accountability Research Corporation |
| Lemar Persaud | ATB Cormark Historical (Cormark Securities) |
| Brian Morton | Barclays |