BMO Canadian Dividend ETF (TSE:ZDV) Reaches New 12-Month High – Still a Buy?

BMO Canadian Dividend ETF (TSE:ZDVGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as C$33.87 and last traded at C$33.87, with a volume of 12571 shares. The stock had previously closed at C$33.78.

BMO Canadian Dividend ETF Stock Down 0.5%

The company’s 50 day simple moving average is C$32.85 and its 200 day simple moving average is C$31.25.

BMO Canadian Dividend ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, August 5th were issued a $0.075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, July 30th.

About BMO Canadian Dividend ETF

(Get Free Report)

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.

Further Reading

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