BMO Canadian Dividend ETF (TSE:ZDV) Reaches New 1-Year High – Time to Buy?

Shares of BMO Canadian Dividend ETF (TSE:ZDV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$28.46 and last traded at C$28.27, with a volume of 79767 shares. The stock had previously closed at C$28.45.

BMO Canadian Dividend ETF Price Performance

The company has a 50 day moving average of C$27.30 and a 200 day moving average of C$25.89.

BMO Canadian Dividend ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

About BMO Canadian Dividend ETF

The ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. To achieve investment objective 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 held in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF to obtain exposure to the performance of the Index.