BMO Covered Call Utilities ETF (TSE:ZWU) Declares Monthly Dividend of $0.07

BMO Covered Call Utilities ETF (TSE:ZWU) announced a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Investors of record on Wednesday, August 5th will be given a dividend of 0.07 per share on Wednesday, August 5th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, July 30th.

BMO Covered Call Utilities ETF Trading Up 0.2%

ZWU stock traded up C$0.02 during mid-day trading on Tuesday, reaching C$12.03. The company’s stock had a trading volume of 303,294 shares, compared to its average volume of 311,474. The business’s 50 day moving average price is C$11.95 and its 200 day moving average price is C$11.85. BMO Covered Call Utilities ETF has a 12 month low of C$10.88 and a 12 month high of C$12.32.

BMO Covered Call Utilities ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.