BMO Covered Call Energy ETF (ZWEN) to Issue Monthly Dividend of $0.22 on July 3rd

BMO Covered Call Energy ETF (TSE:ZWEN) announced a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Shareholders of record on Friday, July 3rd will be paid a dividend of 0.22 per share on Friday, July 3rd. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, June 29th.

BMO Covered Call Energy ETF Trading Down 0.8%

Shares of TSE:ZWEN opened at C$33.02 on Friday. BMO Covered Call Energy ETF has a 1 year low of C$26.88 and a 1 year high of C$36.60. The business’s 50 day moving average price is C$34.07 and its 200-day moving average price is C$32.16.

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.