BMO Covered Call Utilities ETF (TSE:ZWU) Announces Monthly Dividend of $0.07

BMO Covered Call Utilities ETF (TSE:ZWU) declared a monthly dividend on Thursday, February 26th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 3rd will be given a dividend of 0.07 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, February 26th.

BMO Covered Call Utilities ETF Stock Performance

Shares of ZWU stock opened at C$12.03 on Friday. The business has a fifty day simple moving average of C$11.37 and a 200-day simple moving average of C$11.35. BMO Covered Call Utilities ETF has a fifty-two week low of C$9.77 and a fifty-two week high of C$12.12.

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. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.