BMO Canadian Dividend ETF (TSE:ZDV) Sets New 1-Year High – Here’s Why

BMO Canadian Dividend ETF (TSE:ZDV) hit a new 52-week high on Tuesday . The company traded as high as C$29.12 and last traded at C$29.12, with a volume of 64623 shares. The stock had previously closed at C$28.91.

BMO Canadian Dividend ETF Stock Up 0.7%

The company has a 50 day simple moving average of C$27.78 and a 200-day simple moving average of C$26.31.

BMO Canadian Dividend ETF Dividend Announcement

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

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.