Bank of Montreal Dividend
Dividend criteria checks 5/6
Bank of Montreal is a dividend paying company with a current yield of 5.5% that is well covered by earnings. Next payment date is on 26th November, 2024 with an ex-dividend date of 30th October, 2024.
Key information
5.5%
Dividend yield
70%
Payout ratio
| Industry average yield | 4.5% |
| Next dividend pay date | 26 Nov 24 |
| Ex dividend date | 30 Oct 24 |
| Dividend per share | CA$6.200 |
| Earnings per share | CA$8.64 |
| Dividend yield forecast in 3Y | 5.9% |
Recent dividend updates
Bank of Montreal's (TSE:BMO) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 22
Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.55
Jun 19Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.55
Jun 01Recent updates
Bank of Montreal's (TSE:BMO) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 22Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.55
Jun 19Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.55
Jun 01Bank of Montreal's (TSE:BMO) Dividend Will Be Increased To CA$1.51
Jan 21Bank of Montreal (TSE:BMO) Has Announced That It Will Be Increasing Its Dividend To CA$1.51
Dec 05Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.47
Jul 20Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.47
Jul 06Should You Be Adding Bank of Montreal (TSE:BMO) To Your Watchlist Today?
Apr 30Bank of Montreal's (TSE:BMO) Upcoming Dividend Will Be Larger Than Last Year's
Mar 03Bank of Montreal's (TSE:BMO) Upcoming Dividend Will Be Larger Than Last Year's
Jan 10Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.43
Dec 27Bank of Montreal (TSE:BMO) Has Announced That It Will Be Increasing Its Dividend To CA$1.43
Dec 13Upcoming Dividend Payment
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) | 5.5% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 6.0% |
| Industry Average (Banks) | 4.5% |
| Analyst forecast in 3 Years (BMO) | 5.9% |
Notable Dividend: BMO's dividend (5.5%) is higher than the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: BMO's dividend (5.5%) is low compared to the top 25% of dividend payers in the Canadian market (6.04%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.5%), 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 covered by earnings (53.1% payout ratio).