Bank of Montreal

About Bank of Montreal Preferred Shares

Bank of Montreal (BMO) has 1 preferred share series outstanding on the Toronto Stock Exchange — 1 five-year rate resets. The median trailing indicated yield across the cohort is 6.38%, with BMO.PR.E the highest-yielding series at 6.38%. All figures are trailing values from this site's daily update pipeline, computed from declared dividends and the latest close.

The reset calendar is a practical lens on this issuer: 1 of the active series are five-year rate resets, and the next scheduled repricings are BMO.PR.E on Nov 25, 2028. At each reset the dividend reprices to the 5-year Government of Canada benchmark plus the spread fixed in the series' terms, and holders may elect a floating-rate sibling where the terms provide one.

Canadian bank preferred shares are non-cumulative five-year rate resets, generally rated Pfd-2 (low) or better, and the cohort trades the deepest liquidity in the market. The structure of the sector means its coupons reprice together at each reset against the GoC-5y benchmark.

Further reading on BMO preferreds

• Royal Bank Preferred Shares: Complete Guide to RY Preferreds (2026)
• Bank of Canada Holds at 2.25%: What It Means for Preferred Share Investors
• Bank of Canada Pause: What 2.25% Means for Rate Reset Preferreds

Compare every Canadian preferred share side by side in the screener, or browse peers in the sector guides. The structural background — par value, reset mechanics, and rating tiers — is covered in the preferred shares guide.