BMO Equal Weight Utilities Index ETF (TSE:ZUT) Announces $0.08 Monthly Dividend

BMO Equal Weight Utilities Index ETF (TSE:ZUT) announced a monthly dividend on Thursday, January 30th,TickerTech Dividends reports. Investors of record on Tuesday, February 4th will be paid a dividend of 0.075 per share on Tuesday, February 4th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, January 30th.

BMO Equal Weight Utilities Index ETF Stock Down 1.2 %

Shares of TSE ZUT traded down C$0.25 during trading hours on Tuesday, reaching C$20.72. The stock had a trading volume of 718,958 shares, compared to its average volume of 130,031. The business’s fifty day moving average price is C$22.15 and its two-hundred day moving average price is C$21.77. BMO Equal Weight Utilities Index ETF has a 52-week low of C$17.93 and a 52-week high of C$23.17.

About BMO Equal Weight Utilities Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities 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.