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

BMO Covered Call Utilities ETF (TSE:ZWU) announced a monthly dividend on Thursday, August 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, September 3rd will be given a dividend of 0.07 per share on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, August 28th.

BMO Covered Call Utilities ETF Trading Up 0.3%

ZWU opened at C$11.38 on Thursday. BMO Covered Call Utilities ETF has a twelve month low of C$9.77 and a twelve month high of C$11.55. The company has a fifty day moving average of C$11.17 and a 200-day moving average of C$11.01.

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.