BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Declares $0.12 Monthly Dividend

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) declared a monthly dividend on Monday, March 30th, TickerTech Dividends reports. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.12 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Monday, March 30th.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Down 0.8%

ZWB stock opened at C$24.66 on Friday. The company has a fifty day moving average price of C$25.52 and a 200-day moving average price of C$24.45. BMO Covered Call Canadian Banks ETF has a 52-week low of C$17.26 and a 52-week high of C$26.68.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.