BMO Covered Call Energy ETF (TSE:ZWEN) Announces $0.22 Monthly Dividend

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Investors of record on Friday, July 3rd will be paid a dividend of 0.22 per share on Friday, July 3rd. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Monday, June 29th.

BMO Covered Call Energy ETF Stock Down 0.8%

ZWEN opened at C$33.02 on Friday. BMO Covered Call Energy ETF has a one year low of C$26.88 and a one year high of C$36.60. The business has a 50 day simple moving average of C$34.07 and a two-hundred day simple moving average of C$32.16.

About BMO Covered Call Energy ETF

The ETF has been designed to provide exposure to a portfolio of energy, and energy related companies while earning call option premiums. The Fund invests in securities of energy and energy related companies in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option’s implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.