BMO Equal Weight Banks Index ETF (TSE:ZEB) Reaches New 52-Week High Following Dividend Announcement

BMO Equal Weight Banks Index ETF (TSE:ZEB)’s stock price reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as C$62.54 and last traded at C$62.35, with a volume of 3597818 shares. The stock had previously closed at C$60.65.

The newly announced dividend which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 26th.

BMO Equal Weight Banks Index ETF Trading Up 0.7%

The business has a 50-day moving average price of C$59.41 and a two-hundred day moving average price of C$55.05.

About BMO Equal Weight Banks Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks Index (the Index). 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 reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.