SmarterDividends
BMO

Bank of Montreal (BMO) Dividend

Bank of Montreal · Financial Services · Banks - Diversified · quarterly payer

$174.36

Fairly valued · -8% Add to Portfolio

As of Nov 5, 2026, Bank of Montreal (BMO) pays a quarterly dividend of $1.2230 per share, or $4.88 a year, a 2.75% yield at its $174.36 share price. It pays every quarter, usually in May, August and November. It has raised its dividend 9 years in a row and has a dividend safety grade of B.

Forward Yield

2.75%

Annual Dividend

$4.88

Payout Ratio

54%

5-Yr Growth

7.8%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about BMO's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Bank of Montreal (BMO) has a forward dividend yield of 2.75%, based on an annual dividend of $4.88 per share and a share price of $174.36.
  • As of Nov 5, 2026, BMO's dividend safety grade from SmarterDividends is B (78 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Bank of Montreal (BMO) has raised its dividend for 9 consecutive years as of Nov 5, 2026.
  • BMO last cut its regular dividend in 2015.
  • BMO's most recent ex-dividend date was Oct 30, 2026, for a dividend of $1.22 per share.
  • As of Nov 5, 2026, BMO pays out 54% of its trailing 12-month earnings as dividends (its payout ratio).
  • BMO's dividend has grown at an average rate of 7.8% a year over the past five years.
  • As of Nov 5, 2026, BMO's 2.75% yield is 33% below its five-year average yield of 4.09%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for BMO is $160.75 per share, 8% below the $174.36 share price, so BMO screens as fairly valued.
  • Bank of Montreal (BMO) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "BMO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/BMO

Is BMO a good dividend stock?

Yes

Bank of Montreal (BMO) pays a quarterly dividend yielding 2.75% ($4.88/yr), with 9 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (54%)
  • Strong 7.8% 5-yr dividend growth
  • 64% total price return over 5 years

Risks

  • Cut its dividend in 2015

Key Data

Dividend Yield
2.75%
Payout Ratio
54%
Annual Dividend
$4.88
5-Yr Avg Growth
7.8%
Ex-Dividend Date
Oct 30, 2026
Years of Growth
9
Frequency
quarterly
Beta
1.12
Market Cap
$121.2B
P/E Ratio
19.7
5-Yr Total Return
64%
52-Week Range
$119.84 – $187.22
Dividend Safety
B · 78/100
Ever Cut?
Yes (2015)

BMO dividend changes

Bank of Montreal (BMO) pays a variable dividend: across the 126 payments on record since 1994, 60 were higher than the one before and 27 lower. The latest change was up 0.4% to $1.22 per share, going ex-dividend on Oct 30, 2026.

Ex-dateChangeOld → newMove
Oct 30, 2026Higher$1.22 → $1.22+0.4%
Apr 29, 2026Higher$1.18 → $1.22+3.2%
Jul 30, 2025Higher$1.15 → $1.18+2.9%
Apr 29, 2025Higher$1.10 → $1.15+4.3%
Jul 30, 2024Higher$1.11 → $1.12+1.2%
Apr 26, 2024Lower$1.12 → $1.11−1.5%
Jan 29, 2024Higher$1.06 → $1.12+5.6%
Oct 27, 2023Lower$1.11 → $1.06−4.5%
Jul 27, 2023Higher$1.05 → $1.11+6.1%
Apr 27, 2023Lower$1.07 → $1.05−2.2%
Jan 27, 2023Higher$1.02 → $1.07+5.0%
Oct 31, 2022Lower$1.09 → $1.02−5.8%
Every BMO payment →Download every raise and cut (CSV)
BMO ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →BMO dividend historyEvery payment, totals by year, raises and cutsView →BMO dividend calculator100 shares pay $488.00 a year, $122.00 each quarterCalculate →BMO total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is BMO a good dividend stock?

Yes. Bank of Montreal (BMO) pays a quarterly dividend yielding 2.75% ($4.88/yr), with 9 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is BMO undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BMO's fair value is about $160.75 versus a $174.36 share price — so it looks fairly valued (-8% vs. fair value).

Is BMO's dividend safe?

BMO has a dividend-safety grade of B (78/100), based on its payout coverage, free-cash-flow, 9-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is BMO's fair value?

Our blended fair-value estimate for BMO is about $160.75 per share, about 8% below the current $174.36 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BMO a buy, hold, or sell?

We don't issue formal ratings, but on the data BMO screens as "yes" and fairly valued. Bank of Montreal (BMO) pays a quarterly dividend yielding 2.75% ($4.88/yr), with 9 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will BMO cut its dividend?

BMO earns a dividend-safety grade of B (78/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BMO pay a dividend?

Yes. Bank of Montreal pays a quarterly dividend of about $4.88 per share annually, a forward yield of roughly 2.75%.

How much dividend does 100 shares of BMO pay?

At $4.88 per share a year, 100 shares of BMO pay $488.00 a year in dividends before tax, about $122.00 each quarter. Buying them costs about $17,436 at the Nov 5, 2026 price.

What is BMO's dividend yield?

As of Nov 5, 2026, BMO's forward dividend yield is 2.75%, based on a $4.88 annual dividend and a $174.36 share price.

What is BMO's dividend per share?

As of Nov 5, 2026, BMO pays $4.88 per share per year, distributed on a quarterly basis.

What is BMO's dividend payout ratio?

As of Nov 5, 2026, BMO's payout ratio is 54% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has BMO grown its dividend?

As of Nov 5, 2026, BMO has increased its dividend for 9 consecutive years.

When is the next BMO ex-dividend date?

As of Nov 5, 2026, BMO's next ex-dividend date hasn't been announced. The most recent was Oct 30, 2026, for $1.22 per share.

Income Calculator

At $4.88 / yr per share

Per payment (quarterly)$122.00
Annual$488.00
Monthly avg$40.67
Full BMO dividend calculator →

Similar Dividend Stocks

JPMJPMJPMorgan Chase & Co.1.87%Financial ServicesVVVisa Inc.0.71%Financial ServicesMAMAMastercard Incorporated0.52%Financial ServicesBACBACBank of America Corporation2.48%Financial Services

Compare BMO

BMO vs JPMBMO vs VBMO vs MABMO vs BAC

Explore more

Lists and tools related to BMO