Bank of Montreal Dividend yield

Bank of Montreal is part of Banks business, which is part of Financials industry. Bank of Montreal is a company from Canada, and his stocks are publicly traded.

Bank of Montreal stock dividend

Bank of Montreal paid a total dividend of 4,175 million CAD last year, for a market value of 82,623 millions (Market Cap 82,576 millions). Bank of Montreal dividend per share is 5.88 CAD, and his stock market price 116.37 CAD.

According to the chart below, where dividend yield is displayed, Bank of Montreal has a dividend yield of 5.05%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Bank of Montreal stocks dividend with other Banks companies or other of the highest Canada dividend stocks list.

Bank of Montreal Dividend Payout

About the ability of Bank of Montreal to maintain his current dividend of CAD 5.88 per share, an amount that accounts for 5.05%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Bank of Montreal payout on ernings is currently 29.82%, which is lower than the market average and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures lead us to believe that there is confidence that Bank of Montrealcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Bank of Montreal is CAD 16.39 per share, which is higher than the dividend per share paid by the company of CAD 5.88, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Bank of Montreal, compared againt world market average, Canada companies, Financials industry and Banks sector companies.

Bank of Montreal Dividend History

Below you will find a table with the historical evolution of Bank of Montreal's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	5.05%	5.88	29.82%	710
2022	4.53%	5.56	27.65%	686
2021	3.11%	4.24	33.62%	647
2020	4.38%	4.24	49.53%	640
2019	4.03%	4.06	42.38%	638
2018	4.31%	3.84	40.04%	646
2017	3.58%	3.60	41.52%	652
2016	3.89%	3.44	47.38%	643
2015	4.25%	3.28	46.39%	643

*In millions

Then you can see the evolution of Bank of Montreal dividend stock, and compare it with the average of Canada stocks and that of the Banks stocks.

Bank of Montreal Stock performance

Finally, last moth Bank of Montreal showed a return of -5.00% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -4.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Banks firms.