BMO Covered Call Health Care ETF (TSE:ZWHC) to Issue Monthly Dividend of $0.16

BMO Covered Call Health Care ETF (TSE:ZWHC) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.16 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, August 28th.

BMO Covered Call Health Care ETF Trading Up 0.2%

Shares of ZWHC stock traded up C$0.06 on Wednesday, hitting C$28.73. The firm’s fifty day simple moving average is C$27.65 and its 200 day simple moving average is C$27.00. BMO Covered Call Health Care ETF has a 52 week low of C$24.89 and a 52 week high of C$29.59.

About BMO Covered Call Health Care ETF

ETF seeks to provide exposure to the performance of a portfolio of health care and health care related companies to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of 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.