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

BMO Covered Call Utilities ETF (TSE:ZWU) declared a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Investors of record on Wednesday, August 5th will be paid a dividend of 0.07 per share on Wednesday, August 5th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, July 30th.

BMO Covered Call Utilities ETF Stock Performance

ZWU traded up C$0.02 during trading on Tuesday, reaching C$12.03. 303,294 shares of the company’s stock were exchanged, compared to its average volume of 311,474. BMO Covered Call Utilities ETF has a 1 year low of C$10.88 and a 1 year high of C$12.32. The company’s fifty day simple moving average is C$11.95 and its 200-day simple moving average is C$11.85.

About BMO Covered Call Utilities ETF

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. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.