Bank of Montreal
BMOFinancial Services · Stock · quarterly payer
Forward Yield
2.84%
Annual Dividend
$4.96
Payout Ratio
54%
5-Yr Growth
7.8%
Ex-Date
Oct 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Bank of Montreal (BMO) yields 2.84% ($4.96 per share annually), with a blended fair-value estimate of $196.05 — +12% upside, so it screens as fairly valued. Dividend safety grade: B (76/100). 9 years of dividend growth.
Is BMO a good dividend stock?
YesBank of Montreal (BMO) pays a quarterly dividend yielding 2.84% ($4.96/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
- 61% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 2.84%
- Payout Ratio
- 54%
- Annual Dividend
- $4.96
- 5-Yr Avg Growth
- 7.8%
- Ex-Dividend Date
- Oct 30, 2026
- Years of Growth
- 9
- Frequency
- quarterly
- Beta
- 1.13
- Market Cap
- $121.3B
- P/E Ratio
- 19.9
- 5-Yr Total Return
- 61%
- 52-Week Range
- $119.84 – $187.22
- Dividend Safety
- B · 76/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
BMO Price — Last 12 Months
Daily close
Price Return
1 Year
+41%
3 Years
+131%
5 Years
+61%
52-Week Range
$119.84 – $187.22
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BMO worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Bank of Montreal is $196.05 per share, versus a market price of $174.49. That implies the stock is roughly fairly priced.
Fair Value
$196.05
Current Price
$174.49
Gap
+12%
Margin of Safety
11%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.9% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $8.78 EPS, $4.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BMO Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 30, 2026 | — | $1.2180 | regular |
| Apr 29, 2026 | — | $1.2210 | regular |
| Jul 30, 2025 | — | $1.1830 | regular |
| Apr 29, 2025 | — | $1.1500 | regular |
| Jan 30, 2025 | — | $1.1030 | regular |
| Oct 30, 2024 | — | $1.1140 | regular |
| Jul 30, 2024 | — | $1.1190 | regular |
| Apr 26, 2024 | — | $1.1060 | regular |
| Jan 29, 2024 | — | $1.1230 | regular |
| Oct 27, 2023 | — | $1.0630 | regular |
| Jul 27, 2023 | — | $1.1130 | regular |
| Apr 27, 2023 | — | $1.0490 | regular |
| Jan 27, 2023 | — | $1.0730 | regular |
| Oct 31, 2022 | — | $1.0220 | regular |
Income Calculator
At $4.96 / yr per share
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