BMO Equal Weight Utilities Index ETF (ZUT) to Issue Monthly Dividend of $0.07 on September 2nd

BMO Equal Weight Utilities Index ETF (TSE:ZUT) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.066 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 28th.

BMO Equal Weight Utilities Index ETF Price Performance

TSE ZUT traded up C$0.18 on Wednesday, hitting C$28.93. 28,823 shares of the company traded hands, compared to its average volume of 65,828. The business’s 50 day moving average price is C$29.93 and its 200-day moving average price is C$29.04. BMO Equal Weight Utilities Index ETF has a 52-week low of C$24.00 and a 52-week high of C$31.10.

About BMO Equal Weight Utilities Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.