BMO US High Dividend Covered Call ETF (TSE:ZWH) Hits New 12-Month High – Here’s What Happened

BMO US High Dividend Covered Call ETF (TSE:ZWH) shares reached a new 52-week high on Wednesday . The company traded as high as C$26.28 and last traded at C$26.19, with a volume of 14741 shares traded. The stock had previously closed at C$26.16.

BMO US High Dividend Covered Call ETF Stock Performance

The business’s 50-day moving average is C$25.28 and its two-hundred day moving average is C$25.19.

BMO US High Dividend Covered Call ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were issued a $0.13 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date was Thursday, February 26th.

BMO US High Dividend Covered Call ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will primarily invest in and hold the equity securities of dividend paying U.S. companies. Securities will be selected using a rules based methodology that considers dividend growth, yield and payout ratio. In addition, depending on market volatility and other factors, the ETF will write covered call options on these securities.