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

BMO Covered Call Utilities ETF (TSE:ZWU) declared a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.07 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, August 28th.

BMO Covered Call Utilities ETF Trading Down 0.9%

BMO Covered Call Utilities ETF stock opened at C$11.34 on Friday. The stock has a 50-day moving average of C$11.76 and a two-hundred day moving average of C$11.90. BMO Covered Call Utilities ETF has a one year low of C$10.88 and a one year 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.