BMO - Bank of Montreal

Some stock "professionals" may say that investing in banks now a days can be a quick way to lose your hard earned cash. I highly suggest investing in solid banks which have continued to pay a healthy dividend even througout the Great Recession of 2008. Drum roll please... Look no further than Bank of Montreal. Stock ticker BMO, pays $0.71 dividend per share, which is a current dividend yield of 5.24%. Even on December 26th, 2008 BMO paid their $0.70 dividend. Their dividend payout was not decreased even though the financial sector was on life support.
BMO provides a range of credit and non-credit products and services directly and indirectly through Canadian and non-Canadian subsidiaries, offices and branches. As of October 31, 2010, BMO maintained 1,230 bank branches in Canada and the United States, and operated internationally in financial markets and trading areas through its offices in eight other countries, including the United States. Due to BMO's excellent cash management skills they have been able to make acquisitions, unlike most banks.
Recent acquisitions:

• December 31, 2009: Acquired the Diners Club North American franchise from Citigroup.
• April 23, 2010: Acquired certain assets and liabilities of AMCORE Bank N.A.
• April 2011: Acquired Lloyd George Management.

Of all the major Canadian banks, BMO has the lowest P/E and consistently the highest dividend yield. Since BMO is Canadian they were not involved with the United States no sub-prime mortgages. BMO is an excellent low risk investors. In particular as of today, in this shaky economy,
Canadian banks are among the safest. BMO is a $OLID Canadian bank with a 182 year dividend payment track record!
This is strictly hypothetical, but very close to reality... Invest $200.00 into BMO on a monthly basis for the next 30 years and they will pay you around $932.00 per quarter for the rest of your life. This figure was calculated by using the current stock price of $54.06 and $0.70 quarterly dividend, as of October 3rd, 2011. And this is excluding reinvesting your dividends! Imagine if you reinvested your dividends for 30 straight years. It is possible to achieve financial freedom during the best years of your life if you invest in dividend paying monsters like BMO!
Click here to visit BMO's website, and here to visit their Investor Relations page. Also, please watch the video posted below to learn more about this great Canadian goldmine!