The Bank of Montreal was established in 1817, making it the oldest bank in Canada. In 1925, BMO merged with the Molson bank, which was founded by the sons of brewery legend John Molson. With 182 years running, BMO Financial Group has the longest dividend payout record of any company in Canada.
Here's a quick rundown of BMO as of Nov 28, 2011:
Symbol on TSX- BMO
Current Close- $56.74
52 Week High- $63.94
52 Week Low- $55.02
EPS- $5.02
Annual Dividend- $2.80
Current Yield- 4.93%
BMO is the only bank out of the Big 5 to not increase their dividend in 2011 which is, to say the least, disappointing for a company with a market cap of $36 Billion. I've also calculated BMO's current dividend payout ratio to be 54% which is relatively low. The following chart represents BMO's dividend and how it's grown, relatively speaking, since 2000 and what the dividend is heading into 2012. That's quite the plateau BMO, you better pick up the slack!
1 comment:
I like how their red/white logo is made from the letters B, M, and O.
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