Rank Bank of Montreal Preferreds
This compare tool allows you to Rank Bank of Montreal Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Bank of Montreal preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.
In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.
Bank of Montreal Brief Overview
Visit the Bank of Montreal company website to see the preferred share prospectus, news and other information.
Sector: Financial services.
Core businesses and operations:
- Retail banking.
- Wealth management.
- Investment banking products and services.
- Personal and Commercial Banking.
One of the Big Five banks in Canada, it is the fourth-largest bank in Canada by market capitalization and assets
All BMO preferreds are subject to Automatic Conversion to Common Stock. Here is a sample for the series 38 preferreds.
Upon the occurrence of a Trigger Event (as defined herein), each outstanding Preferred Share Series 38 and, if issued, each outstanding Preferred Share Series 39 will automatically and immediately be converted, without the consent of the holders thereof, into that number of fully paid common shares of the Bank (the â€œCommon Sharesâ€?) determined by dividing $25.00 plus any declared but unpaid dividends in respect of such Preferred Shares Series 38 or Preferred Shares Series 39 by the Conversion Price (as defined herein). Investors should therefore carefully consider the disclosure with respect to the Bank, the Preferred Shares Series 38, the Preferred Shares Series 39, the Common Shares and the consequences of a Trigger Event included and incorporated by reference in this prospectus supplement and the accompanying short form base shelf prospectus of the Bank dated April 13, 2016 (the â€œProspectusâ€?). See â€œDetails of the Offeringâ€?.
The latest information and statistics on their common stock BMO, can be easily accessed using websites like TMX Money.
Next Dividend Pay Date: 2021Feb25. Dividend Payment Schedule: 2021FEB25 , 2021MAY25 , 2021AUG25 , 2021NOV25Ex Dividend Date Schedule: 2021JAN31 , 2021APR30 , 2021JUL31 , 2021OCT31
Bank of Montreal Credit Rating
The latest credit rating for Bank of Montreal are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.
|S&P Corporate||S&P Preferreds||DBRS Long Term||DBRS Preferred's||S&P Global Corporate||S&P Global Preferreds||Moody's LongTerm||Fitch Long Term||Fitch Short Term||A+||BBB||AA||Pfd-2H||Baa3||AA-||F1+|
Bank of Montreal Common Share Metrics
|Symbol: TSE:BMO||Currency: CAD||Market Cap: $53,977,883,107||Price: $106.10||P/E: 12.94||P/B: 1.45||Dividend: $1.060||Yield: 4.00%||Beta: 1.02|
Bank of Montreal Overall Preferred Share Metrics
I have reviewed the full set of Bank of Montreal preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "Bank of Montreal". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.
|Preferred issues: 11||Lowest Current Yield: BMO-A @ 1.28%||Highest Current Yield: BMO-E @ 4.95%||Average Current Yield: 3.85%||5 Year Reset issues: 10||5YR Reset Lowest Reset Yield: BMO-Q @ 1.97%||5YR Reset Highest Reset Yield: BMO-B @ 4.74%||5YR Reset Average Reset Yield: 3.65%||Lowest Rate Increase Percent: BMO-F @ -3.000%||Highest Rate Increase Percent: BMO-W @ 14.00%||Average Rate Increase Percent: 3.27%||Market Cap at Market Value: 3,840,582,560||Market Cap at Face Value: 3,940,000,000||Discount Amount: 99,417,440||Discount Percent: 2.52%||Percent of Total Market Cap at Market Value: 5.33%||Percent of Total Market Cap at Face Value: 4.67%|
Rank Bank of Montreal Preferreds - Compare Tool.
The following metrics are now only available on the premium version of this tool:
- Reset Date. The date of the upcoming reset for this issue. During the reset the new dividend will be determined by the issuer as outlined in the prospectus.
- Reset (Yield | Dividend).
- Blended (Yield | Dividend).
- Rate Increase Percent.
- Rate Increase To Value. This reflects the effect or the current price on the issue rate of the preferred. Here you see the percent increase/decrease of the new rate due to its drop or rise of its share value
- New Spread increase.
- New Spread Value.
- Short Position.
- Additional Features. A set of codes for additional features of the preferred share
- Years To Double Initial Investment.
- Outstanding float.
- Market Cap In Bilions.
- Common Stock P/E Ratio.
- Common Stock P/B Ratio.
- Common Stock Yield.
Here is a Limited Version of the Premium - Compare Tool.
A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version
|Symbol||Price||52W High||52W Low|
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
|Current (Yield Dividend)|
Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield Dividend)follow link passed the end of the table to see definition
|Reset Date Y/M/D||Rate Increase percent||Rate Increase to value||New Spread Increase||New Spread value||Short Position||Additional Features||Years To Double Initial Investment||Outstanding Float||Name|
|BMO-Q BMO.PR.Q CA0636792032||$25.00||$25.31||$19.16||5yr + 1.15%||01.80% $0.4500||01.97% | $0.4920||01.95% $0.48 1@cy+19@ry||2021aug25||000%||1.97%||000%||1.15%||67,267||Non-Cumulative ACTSWHC||38.85||9,425,607||Bank_of_Montreal_3.90%,_Series_25|
|BMO-S BMO.PR.S CA0636794012||$23.00||$23.00||$10.35||5yr + 2.33%||04.19% $0.9630||03.42% | $0.7870||03.88% $0.89 12@cy+8@ry||2024may25||008%||3.42%||008%||2.51%||57,960||Non-Cumulative ACTSWHC||16.88||20,000,000||Bank_of_Montreal_4.00%,_Series_27_-_|
Continue to Rank Bank of Montreal Preferreds page 2 of 4 where you can find
- What if “Yield Scenarios” for 5 year resets.
- Graph of all preferred share yields
- Propsectus Information