BMO Covered Call Energy ETF (ZWEN) To Go Ex-Dividend on August 28th

BMO Covered Call Energy ETF (TSE:ZWEN) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.22 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, August 28th.

BMO Covered Call Energy ETF Stock Performance

Shares of ZWEN opened at C$36.54 on Friday. The company’s fifty day moving average is C$35.00 and its 200-day moving average is C$34.21. BMO Covered Call Energy ETF has a 12 month low of C$27.23 and a 12 month high of C$37.18.

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.