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:

  1. Retail banking.
  2. Wealth management.
  3. Investment banking products and services.
  4. 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 “Common Shares�) 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 “Prospectus�). See “Details of the Offering�.

The latest information and statistics on their common stock BMO, can be easily accessed using websites like TMX Money.

Next Dividend Pay Date: 2024May26. Dividend Payment Schedule: 2024FEB25 , 2024MAY25 , 2024AUG25 , 2024NOV25

Next Ex-Dividend Date: 2024Apr30. Ex Dividend Date Schedule: 2024JAN31 , 2024APR30 , 2024JUL31 , 2024OCT31

 

Bank of Montreal Preferred share Credit Ratings

The latest preferred share credit ratings 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.

A.M. Best FITCH S&P DBRS S&P Global Moody's
BBBPFD-2HBaa3

Bank of Montreal Common Share Metrics

Symbol: BMOCurrency: CADMarket Cap: $70,607,979,918Price: 132.05
P/E: 18.70P/B: 1.28Dividend: $1.430Yield: 4.33%
Beta: 0.87

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.


# of Preferred issues: 6Lowest Current Yield: BMO-Y @ 3.27%Highest Current Yield: BMO-E @ 6.77%Average Current Yield: 4.48%
# of 5YR Reset issues: 65YR Reset Lowest Reset Yield: BMO-W @ 6.11%5YR Reset Highest Reset Yield: BMO-F @ 7.12%5YR Reset Average Reset Yield: 6.41%
Lowest Rate Change Percent: BMO-E @ -0.000%Highest Rate Change Percent: BMO-Y @ 7.00%Average Rate Change Percent: 2.83%
Market Cap at Market Value: 2,094,140,000Market Cap at Face Value: 2,150,000,000Discount Amount: 55,860,000Discount Percent: 2.60%
Percent of Total Market Cap at Market Value: 3.93%Percent of Total Market Cap at Face Value: 3.24%



 
 

Rank Bank of Montreal Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company

NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend).
  4. Rate Change Percent. Reflects the effect or the current price on the issue rate of the preferred. Here you see the effective new rate of the share due to its drop or rise of its share value
  5. Rate Change To Value.
  6. New Spread Change.
  7. New Spread Value.
  8. Short Position. If there is a short position on the preferred this shows the size of the short position
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float.
  12. Market Cap In Bilions. The company Market Cap.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data 2024-Apr-05 19:07, Model Metrics 2024-Apr-08 20:15
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
BMO-S BMO.PR.S CA0636794012 $24.28$24.45$16.885YR + 2.33%03.96% $0.9630Bank_of_Montreal_4.00%,_Series_27_-_
BMO-T BMO.PR.T CA0636796090 $23.90$24.00$15.985YR + 2.24%03.79% $0.9060Bank_of_Montreal_3.90%,_Series_29
BMO-W BMO.PR.W CA0636798807 $23.89$23.99$15.955YR + 2.22%04.03% $0.9628Bank_of_Montreal_3.80%,_Series_31_-_NVC
BMO-Y BMO.PR.Y CA06367X2005 $23.33$23.33$16.075YR + 2.71%03.27% $0.7635Bank_of_Montreal_3.80%,_Series_33
BMO-E BMO.PR.E CA06368B2075 $25.15$25.15$20.005YR + 2.68%06.77% $1.7040Bank_of_Montreal_4.85%,_Series_44_-_NVC
BMO-F BMO.PR.F CA06368B1085 $25.03$25.11$22.365YR + 3.51%05.09% $1.2740Bank_of_Montreal_5.10%,_Series_46_-_NVCCBMO
 
 

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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


Last Updated: Market Data 2024-Apr-05 19:07, Model Metrics 2024-Apr-08 20:15
SymbolPrice52W High52W 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
Yield To CallReset Date Y/M/DPay Div DateEx Div DateRate Change percentRate Change to valueNew Spread valueShort PositionAdditional FeaturesConverts ToYears To Double Initial InvestmentOutstanding FloatName
BMO-S BMO.PR.S CA0636794012 $24.28$24.45$16.885YR + 2.33%03.96% $0.963006.12% | $1.486706.01% $1.46 1@cy+19@ryN/A2024-05-252024-05-262024-04-30002%6.12%2.40%38,056 Non-Cumulative ACTSWHC17.8520,000,000Bank_of_Montreal_4.00%,_Series_27_-_
BMO-T BMO.PR.T CA0636796090 $23.90$24.00$15.985YR + 2.24%03.79% $0.906006.12% | $1.464205.89% $1.40 2@cy+18@ryN/A2024-08-252024-05-262024-04-30004%6.13%2.34%22,523 Non-Cumulative ACTSWHC18.6316,000,000Bank_of_Montreal_3.90%,_Series_29
canadianpreferredshares.ca - Bank of Montreal Preferred Share Ranking

Additional Information

Continue to Rank Bank of Montreal Preferreds  page 2 of 4 where you can find

  1. What if “Yield Scenarios” for 5 year resets.
  2. Graph of all preferred share yields
  3. Propsectus Information