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Bank of Montreal's ( TSE:BMO ) dividend will be increasing to CA$1.33 on 28th of February. Based on the announced...
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In-dividend date – the last day, which is one trading day before the ex-dividend date, where shares are said to be cum dividend ('with [including] dividend'). That is, existing shareholders and anyone who buys the shares on this day will receive the dividend, and any shareholders who have sold the shares lose their right to the dividend.
Thus the key date for a stock purchase is the ex-dividend date: a purchase on that date (or after) will be ex (outside, without right to) the dividend. If, for whatever reason, a share transfer prior to the ex-dividend date is not recorded on the register in time, the seller is obligated to repay the dividend to the buyer when he receives it.
It is commonly known by its ticker symbol BMO on both the Toronto Stock Exchange and the New York Stock Exchange. [7] In April 2024, it had CA$1.37 trillion in total assets. [ 8 ] The Bank of Montreal swift code is BOFMCAM2 and the institution number is 001. [ 9 ]
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The dividend payout ratio is calculated as DPS/EPS. According to Financial Accounting by Walter T. Harrison, the calculation for the payout ratio is as follows: Payout Ratio = (Dividends - Preferred Stock Dividends)/Net Income. The dividend yield is given by earnings yield times the dividend payout ratio: