BMO Covered Call Utilities ETF Announces Monthly Dividend of $0.07 (TSE:ZWU)

BMO Covered Call Utilities ETF (TSE:ZWU) announced a monthly dividend on Thursday, May 29th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 3rd will be given a dividend of 0.07 per share on Tuesday, June 3rd. This represents a $0.84 annualized dividend and a yield of 7.64%. The ex-dividend date is Thursday, May 29th.

BMO Covered Call Utilities ETF Trading Down 0.8%

TSE ZWU opened at C$10.99 on Thursday. The company’s 50 day simple moving average is C$10.94 and its two-hundred day simple moving average is C$10.85. BMO Covered Call Utilities ETF has a 1 year low of C$9.77 and a 1 year high of C$11.42.

BMO Covered Call Utilities ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S.