BMO dividend 10.41%

[danmand]

Does anybody know what the current payout ratio is?

BMO Financial Group is the longest-running dividend-paying company in Canada. BMO’s policy is to pay out 45% to 55% of its earnings in dividends to shareholders over time.
http://www2.bmo.com/content/0,1151,divId-3_langId-1_navCode-3146,00.html

We will know march 3, when the genral meeting is held. I think it is close to 70%.

 

[Rockslinger]

This reminds me of a shark feeding frenzy. Smart thing to do is stay out of the pool until the sharks are gone. But sharks are smart, sometimes they fake departure but are actually lying low in the weeds.

 

[Malibook]

62% is not bad and is the lowest I have heard.

I have been hearing 70-90% which would seem to indicate a brutal unsustainable trend.

 

[Rockslinger]

62% is not bad and is the lowest I have heard.
I have been hearing 70-90% which would seem to indicate a brutal unsustainable trend.

62% is temporary. Once the recession is over it will revert back to the mean. Remember that almost everything reverts back to the MEAN in the fullness of time. One ignores the "REVERSION TO THE MEAN" rule at their own risk. I mean that.

 

[Rockslinger]

Does anybody know if the current market cap of any Canadian bank exceeds that of Citigroup or BofA?

 

[Rockslinger]

Does anybody know if the current market cap of any Canadian bank exceeds that of Citigroup?

Spoke to a friend earlier this morning. She said market cap of TD is $20billion and market cap of Citigroup is $10billion. She said at least one and maybe 3 other Canadian banks have a market cap higher than Citigroup.