BMO Covered Call US Banks ETF Announces Monthly Dividend of $0.16 (TSE:ZWK)

BMO Covered Call US Banks ETF (TSE:ZWK) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.16 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, August 28th.

BMO Covered Call US Banks ETF Stock Down 0.9%

Shares of TSE:ZWK opened at C$29.06 on Friday. The stock’s 50-day moving average price is C$29.95 and its 200-day moving average price is C$27.85. BMO Covered Call US Banks ETF has a 12-month low of C$24.12 and a 12-month high of C$30.86.

BMO Covered Call US Banks ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of U.S. banks to generate income and provide long-term capital appreciation while mitigating downside risk through the use of covered call options The ETF will primarily invest in and hold the equity securities of U.S. banks. Depending on market volatility and other factors, The ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.