BMO Covered Call Energy ETF (TSE:ZWEN) Stock to Pay Monthly Dividend of $0.22

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Thursday, October 29th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.22 per share on Tuesday, November 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Thursday, October 29th.

BMO Covered Call Energy ETF Price Performance

BMO Covered Call Energy ETF stock traded down C$0.66 during midday trading on Tuesday, hitting C$40.35. 3,096 shares of the stock were exchanged, compared to its average volume of 16,669. The stock’s 50-day simple moving average is C$38.14 and its 200 day simple moving average is C$34.53. BMO Covered Call Energy ETF has a fifty-two week low of C$27.23 and a fifty-two week high of C$41.17.

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.