BMO declares $1.71 per share quarterly dividend for Q4 FY26

1 min read | Published on 25 Aug 2026, 03:09 PM |Updated on 25 Aug 2026, 03:09 PM

Reviewed by

Ashish TScanX News Team

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Key Highlights

Common share dividend set at $1.71 per share for Q4 FY26, unchanged from prior quarter
Class B Preferred Series 44 dividend declared at $0.426 per share
Series 50 and 52 preferred dividends set at $36.865 and $35.285 respectively
Record date for all classes is October 30, 2026; payments due late November 2026
Dividends qualify as eligible under Canadian Income Tax Act

*this image is generated using AI for illustrative purposes only.

Bank of Montreal (TSX: BMO) (NYSE: BMO) declared a quarterly dividend of $1.71 per paid-up common share for the fourth quarter of fiscal year 2026. The payout remains unchanged from the prior quarter.

The Board of Directors also declared dividends on preferred shares:

$0.426 per share on Class B Preferred Shares Series 44
$36.865 per share on Class B Preferred Shares Series 50
$35.285 per share on Class B Preferred Shares Series 52

Payment Schedule and Eligibility

Common shareholders must be on record by October 30, 2026, to receive the dividend payable on November 26, 2026. Class B Preferred Series 44 holders are eligible if recorded by October 30, with payment due November 25, 2026. Series 50 and 52 preferred dividends are also payable on November 26, 2026.

All declared dividends are designated as "eligible" under the Income Tax Act (Canada) and similar provincial legislation.

Shareholder Reinvestment Plan

Common shareholders may reinvest cash dividends into additional common shares via the Bank's Shareholder Dividend Reinvestment and Share Purchase Plan. New shares will be purchased on the open market without a discount.

Registered shareholders must submit enrolment forms to Computershare Trust Company of Canada by November 3, 2026. Beneficial holders should contact their brokers for instructions.

What the Numbers Show

The maintenance of the $1.71 per share common dividend signals stability in capital return policy for Q4 FY26, while the significant disparity between Series 50 ($36.865) and Series 52 ($35.285) preferred payouts reflects distinct issuance terms for these unlisted instruments.

How might BMO's decision to maintain the dividend at $1.71 impact its payout ratio given projected earnings for fiscal year 2026?

What does the stability of the common dividend suggest about BMO's confidence in its capital position amidst current macroeconomic uncertainties?

Could the significant yield disparity between Series 50 and Series 52 preferred shares indicate changing investor appetite or risk premiums in the Canadian preferred market?

Scotiabank raises Bank of Montreal price target to C$239

0 min read | Published on 16 Jun 2026, 10:07 PM |Updated on 16 Jun 2026, 10:07 PM

Reviewed by

Radhika SScanX News Team

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Key Highlights

Scotiabank analyst Mike Rizvanovic maintains a Sector Outperform rating on Bank of Montreal and raises the price target to C$239 from C$234, signaling a positive outlook.

*this image is generated using AI for illustrative purposes only.

Scotiabank analyst Mike Rizvanovic has maintained a Sector Outperform rating on Bank of Montreal and raised the price target to C$239 from C$234. The adjustment reflects an updated valuation outlook for the bank's stock.

Rating and Price Target Details

The revised price target of C$239 represents an increase from the previous target of C$234. The Sector Outperform rating indicates a positive outlook relative to the banking sector.