BMO Covered Call Energy ETF (ZWEN) to Distribute Monthly Dividend of $0.22 on August 5th

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.22 per share on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Thursday, July 30th.

BMO Covered Call Energy ETF Stock Performance

BMO Covered Call Energy ETF stock opened at C$35.88 on Friday. BMO Covered Call Energy ETF has a one year low of C$26.88 and a one year high of C$36.60. The company has a 50-day simple moving average of C$34.22 and a 200-day simple moving average of C$33.31.

About BMO Covered Call Energy ETF

The ETF has been designed to provide exposure to a portfolio of energy, and energy related companies while earning call option premiums. The Fund invests in securities of energy and energy related companies in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option’s implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.