5 Bank Stocks with Highest Dividends

In this article, we will take a look at the 5 Bank Stocks with Highest Dividends. For deeper discussion and analysis, have a look at the 13 Bank Stocks with Highest Dividends. 

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5. Bank of Montreal (NYSE:BMO)

Dividend Yield as of April 7: 3.56%

On March 24, Reuters reported that Bank of Montreal (NYSE:BMO) plans to introduce tokenized cash capabilities in partnership with CME Group and Google Cloud. The move is aimed at meeting growing demand for real-time payments as global markets shift toward around-the-clock trading.

Tokenized cash allows near-instant settlement. It reduces delays, frees up capital more quickly, and supports smoother, continuous activity in financial markets. The initiative will enable clients to convert US dollars into a tokenized instrument that can be used in margined products. These include derivatives where traders post collateral to cover potential losses, traded on the CME Group exchange. BMO said the effort is designed to support clients who now need 24/7 infrastructure to meet margin calls and manage trading and settlement as markets move toward constant operation.

The bank expects to launch its tokenized cash offering in the second half of 2026, subject to regulatory approval. It will serve as an institutional settlement tool for regulated financial firms in capital markets and commercial banking. BMO also said it is rolling out tokenized deposits. This will allow clients to use funds held at the bank in digital form for payments, treasury movements, and programmable cash applications.

Bank of Montreal operates as a North American bank, offering personal and commercial banking, wealth management, global markets, and investment banking services. It serves around 13 million customers across North America, along with select international markets.