BMO Equal Weight Banks Index ETF (TSE:ZEB – Get Free Report) announced a monthly dividend on Thursday, October 29th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.15 per share on Tuesday, November 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 29th.
BMO Equal Weight Banks Index ETF Stock Down 1.8%
Shares of ZEB stock opened at C$75.33 on Friday. The stock has a 50 day simple moving average of C$74.26 and a 200-day simple moving average of C$68.82. BMO Equal Weight Banks Index ETF has a 1-year low of C$53.00 and a 1-year high of C$78.82.
About BMO Equal Weight Banks Index ETF
The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.
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