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Data last updated: Sep 28, 2026
Snapshot (as of Sep 28, 2026): Bank of Montreal (BMO) pays a $6.68 annual dividend ($1.67 quarterly), yielding 2.74% at $172.30/share. Next ex-dividend date 2026-10-30. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.74%
Annual Dividend: $6.68 per share
Payout Ratio: 55.9%
Ex-Dividend Date: 2026-10-30
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 33
Bank of Montreal dividend has been paid every quarter for decades, backed by one of Canada's oldest and largest diversified financial institutions. Founded in 1817, BMO operates across Canadian and U.S. personal and commercial banking, wealth management, and capital markets. The trailing annual dividend rate is $6.68 per share, paid quarterly, with the next ex-dividend date on October 30, 2026. At a 2.74% yield, this stock fits dividend investors who want income from a large, diversified North American bank rather than a high-yield, higher-risk payer.
Bank of Montreal pays out 55.9% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level leaves meaningful earnings retained within the business, which spans personal lending, commercial banking, wealth management, and capital markets across North America. Bank of Montreal dividend safety benefits from that revenue diversification, since the company is not reliant on a single product line or geography. The most significant data-supported pressure point is BMO's beta of 1.128, which means the stock moves more than the broader market, and earnings in banking can compress during credit cycles.
Bank of Montreal dividend history shows a CAGR of 3.4% per year from 2011 to 2025. Per-share payments grew from $2.87 to $4.5966 over that period (2026 data is partial and excluded from the CAGR calculation). The largest annual increase in the window was 23.1% in 2022, though the history also contains at least one year-over-year decline exceeding 5%, which means growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.2% | $4.19 (2022) | $4.60 (2025) |
| 5-Year | +7.8% | $3.15 (2020) | $4.60 (2025) |
| 10-Year | +6.0% | $2.56 (2015) | $4.60 (2025) |
Bank of Montreal stock fits dividend investors who prioritize income from a large, diversified financial institution over fast dividend growth. The current yield of 2.74% sits above the 5-year average of 2.43%, which means today's entry point offers a moderately better income rate than the historical norm. Yield classification is moderate (2-4%), and the 55.9% payout ratio supports sustaining that income without stretching the balance sheet. The trade-off is growth: at 3.4% per year over 14 years, dividend increases have been real but slow. An investor in BMO gets a moderate, above-average-for-its-history yield from a bank with broad North American operations, and accepts that the dividend will not compound quickly.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-30 | $1.2085 |
| 2026-07-30 | $1.2211 |
| 2026-04-29 | $1.2214 |
| 2026-01-30 | $1.2332 |
| 2025-10-30 | $1.1657 |
| 2025-07-30 | $1.1798 |
| 2025-04-29 | $1.1476 |
| 2025-01-30 | $1.1035 |
| 2024-10-30 | $1.1142 |
| 2024-07-30 | $1.1192 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.8842 |
| 2025 | $4.5966 |
| 2024 | $4.4624 |
| 2023 | $4.2980 |
| 2022 | $4.1880 |
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