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

BMO Covered Call Utilities ETF (TSE:ZWU) declared a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.07 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, August 28th.

BMO Covered Call Utilities ETF Stock Down 0.6%

ZWU opened at C$11.44 on Friday. The firm’s fifty day moving average price is C$11.78 and its two-hundred day moving average price is C$11.90. BMO Covered Call Utilities ETF has a 1 year low of C$10.88 and a 1 year high of C$12.32.

About BMO Covered Call Utilities ETF

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.